A new decree approved by the cabinet on Friday will give timeshare users more rights. The decree has been hastily passed to avoid a fine from the European Commission for Spain; indeed the deadline for the required changes was in June last year. The new regulation strengthens the rights of consumers, extends the time for a period of reflection after the purchase from 10 to 14 days during which the client can change his mind with no penalty. During those two weeks any payment in advance or payment of deposit is prohibited. The minimum duration of a time share contract is now a year, compared to the three years previously. It’s hoped the new legislation will help clients have seen problems because of a lack of information and clarity in the conditions up to now.
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