Timeshares can be a cost effective way of owning a holiday home, as you will share all the costs with multiply parties. Each sharer will hold rights to the purchased property, and will be able to use it during certain agreed times throughout the year. Most timeshare parties keep in contact with each other, so it is possible to sometimes swap your times with someone else, and this can be helpful if your job does not allow flexible holidays.

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It is not always possible to use a timeshare property fully each year, so many people lease their share out to other holiday makers either on an annual or one off basis, but in this case the person leasing the property would not actually have any ownerships rights, as these would be retained by the leaser.