EU aims at holiday property rip-offs

Voices Newspaper Altinkum Didim Turkey:

"EU aims at holiday property rip-offs
Posted on Saturday, June 16 @ 20:16:25 EEST by editor

THE European Commission is to crackdown on holiday timeshare rip-offs that cost consumers more than £4bn a year.

The Financial Times has reported that European Commission plans to extend the legal protection enjoyed by timeshare owners to the resale of their holiday slots, holiday clubs and part-owners of caravans and canal boats.

It would give customers a right to full information, including a written contract in their native language, and enable them to cancel the deal within 14 days. It would also ban deposits during that time and make it more complicated to charge extra fees, such as vague administration charges, from the customers."