Timeshare, otherwise known as multiple ownership, is based on the acquisition of property for a fixed period by several people. Each owner benefits from a shared right to use a property in a tourist property residence, through the acquisition of shares in a non-trading property company. This type of contract allows you to purchase the right to occupy a furnished flat or studio for a limited period of two or more weeks a year, over specific periods of the year.
This type of contract allows you to purchase the right to occupy a furnished flat or studio for a limited period of two or more weeks a year, over specific periods of the year.
The main advantage of this type of contract is the possibility of acquiring a flat at a lower cost in a resort of a certain standing. It is cheaper to buy a second home partially than entirely. Your initial investment is much lower than if you were to buy a flat through a traditional property transaction. You have the guarantee of being able to enjoy holiday accommodation every year, with no risk of overbooking.
You'll enjoy a quality holiday destination at a reasonable price, with all the shared facilities and services of a holiday residence, such as a swimming pool, fitness room, laundry, library, private car parks, etc..., as well as the upkeep and maintenance of the residence by the co-owners. The recreational and cultural activities on offer in the region are often rich and attractive, surrounding the timeshare residence.
Timeshare systems make it possible to swap periods with other owners, offering the chance to stay in different destinations in Europe and around the world. To find out more: RCI stock exchange
Timeshare property has suffered from a poor image around the world due to unscrupulous companies, practical practices and a lack of transparency;In France, but above all in countries where legal protection does not provide the same guarantees as under French law.
In France, timeshare is governed by specific laws designed to protect consumers. Here are the main legislative aspects concerning timeshare. Law no. 86-18 of 6 January 1986, supplemented by law no. 2009-888 of 22 July 2009, governs timeshare contracts, setting out the rights of consumers and the obligations of sellers.
> Sellers must provide clear and complete information about the contract, including total costs, terms of use and cancellation conditions.
The management of Golfe Bleu by the French real estate group Lamy Immobilier provides a guarantee of safety and quality that will give owners confidence in their future acquisition.
The location of the Le Golfe Bleu residence, at the gateway to Monaco and Menton in an exceptional environment and the quality of its development, guarantee you security of the value of its real estate assets in view of the price of the properties for sale.
In the hypothetical event of a resale of the property complex decided by the required majority of shareholders, you would receive a fraction of the resale value depending on the number of shares you hold, which guarantees the value of your acquisition. As an indication, the assets of the SCI can be officially valued at 15.4 million euros in 2017 by the property valuation firm Jean André MARTIN approved by the Court of Appeal of AIX en PROVENCE.
