The sands of time may have finally run dry on timeshare

Queenstown Mews. (Image: BusinessDesk)

Fri, 24 Nov 2023

Timeshare, all the rage in the 1980s and seen as a cost-effective investment and 'no fuss' entry point into holiday home ownership, is a sunset industry today.Currently, there are less than 20 timeshare resorts in New Zealand, with owners – many having inherited their timeshare from parents or family members – concerned they’re being shut out of their own apartments by management companies who are renting out privately owned units to outside guests at market or Airbnb rates.In that respect, there's really one manag...

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