Nowadays, timeshare is flooded with cut prices and discounts. Could it have anything to do with timeshare owners seeking for timeshare relief? It is not easy to assume, but one thing is sure for South Africans, as long as they have money and leisure time to spare, there are many opportunities to secure bargain holidays for a lifetime.
Cape Escape, a timeshare resale company, has 13 708 points for sale in a club that owns timeshare units around the country. That's R20 562 at the usual price of R1 50/point. The chances are the sellers paid R10/point - R137 080. That's an 85% discount, a record holder for property in SA.
On the other hand, the club manager of Club Leisure, the biggest timeshare owner, says there are 440 000 timeshare units in SA. According to its chief operating officer, Shaun Lamont, about 110 000 of those are on the market already. That's why there are lots of bargains.
The timeshare market is the equivalent of 927 houses for sale in Bryanston instead of the current 75 with 25% of all stock on sale. Although it's a disaster, it's also a wonderful opportunity for canny lovers of week-long getaways.
On top of the low purchase price, the managers of the various timeshare clubs are offering their empty resorts at discount prices. An off-season week at the Margate Sands would usually cost members 4 763 points. But the current special offer is for a week at 1 795 points, that's an additional 62% discount. It means that your total discount with the purchase price of the points is 94%. But as a member, you should pay R3 841/year levy for the week.
With the current situation, it is definitely difficult to sell your timeshare. Let time alone tell you when to do the selling better if you prefer to do it on your own.
Cape Escape, a timeshare resale company, has 13 708 points for sale in a club that owns timeshare units around the country. That's R20 562 at the usual price of R1 50/point. The chances are the sellers paid R10/point - R137 080. That's an 85% discount, a record holder for property in SA.
On the other hand, the club manager of Club Leisure, the biggest timeshare owner, says there are 440 000 timeshare units in SA. According to its chief operating officer, Shaun Lamont, about 110 000 of those are on the market already. That's why there are lots of bargains.
The timeshare market is the equivalent of 927 houses for sale in Bryanston instead of the current 75 with 25% of all stock on sale. Although it's a disaster, it's also a wonderful opportunity for canny lovers of week-long getaways.
On top of the low purchase price, the managers of the various timeshare clubs are offering their empty resorts at discount prices. An off-season week at the Margate Sands would usually cost members 4 763 points. But the current special offer is for a week at 1 795 points, that's an additional 62% discount. It means that your total discount with the purchase price of the points is 94%. But as a member, you should pay R3 841/year levy for the week.
With the current situation, it is definitely difficult to sell your timeshare. Let time alone tell you when to do the selling better if you prefer to do it on your own.
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