For decades, the phenomenon of timeshare has been common, particular in Spain, Portugal and Greece. Vacationers are seduced and even put under pressure to enter into such a contract. Timeshare is the right to make use of an apartment or other real estate for a certain period each year for a fee. It is therefore not owned. In addition to the price for the right to use, you usually also pay periodic costs for services, maintenance and administration. A variant to this is the holiday club. If you are a member of this you have access to a reservation system and you may book accommodation, air travel or cruise vacations at a discount. Across Europe, there is one directive for this type of contract.
All around Europe rules apply when entering a Timeshare or Holiday club contract. This type of purchase is common amongst holidaymakers in Spain, Portugal and Greece.