Malaga Real Estate is one of the latest cold callers, who claim to be doing timeshare resales and even have clients waiting.
At the moment Malaga Real Estate is mainly targeting German speaking Timeshare owners but they might expand this to other nationalities.
At the question on how they obtained the personal details of the Timeshare Owner they got access to through the “servicio al cliente de la multipropiedad” based in Madrid. If the timeshare owner wants to verify this is true they even supply a telephone number +34 911237247 to do so.
After the initial (cold call) Malaga Real Estate sends a copy of the resale agreement to the Timeshare Owner with even the details of the supposed buyers.
In this agreement they mention that both buyer and seller need to pay a security deposit as established by law. Apparently Malaga Real Estate does not have any knowledge of the Timeshare Directive, the law that forbids the upfront payments for a timeshare resale!
There is no website for Malaga Real Estate, but their contact details as on their paperwork is as follows:
Calle Isaac Peral 14 – E 29004 Malaga, Spain
Telephone +34951242230 and fax +34951560017
Please note that we have done research on this company and we can confirm that there is no such company registered in Spain and neither at the given address.
The fact that they cold call and ask for an (illegal) upfront fee does not make them trustworthy and we would recommend to be very cautious when dealing with this company.
If you have been contacted by Malaga Real Estate from +34 951 242 230 or maybe you have been referred to the Servicio al Cliente de la Multipropiedad on +34 911 237 247 then please let us know.
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