A new company has been brought to our attention under the name of Global Networks.

For the moment it looks like they are only approaching Dutch speaking Timeshare owners, but of course they might extend their target nationalities.

Global Networks claims to be based in Madrid but we were unable to find any company by this name registered at the Spanish Companies House and neither was the address correct which they claim is theirs.

Contact details for Global networks are telephone 0034 634085598 and email globalnetworks@europe.com

Once they initiated the contact with the Timeshare owner, and have confirmed the owner is looking for a resale of his membership, they quickly get back in contact as they have found a buyer.

Yes, Global Networks has many buyers lined up, from all different countries far away and people who have already paid substantial deposits towards the purchase.

All the timeshare owner needs to do is submit a copy of the paperwork and a €1950 security deposit and the sale will be completed.

Yes indeed a real “shame” but yet again we are dealing here with a company who doesn’t seem to know that there is a strict Directive in place, which forbids the requests for any upfront payment when it concerns a timeshare resale.

So Global Networks, cold calls, cannot be found as a company, uses a fake address and on top asks for an illegal upfront fee. Not really the signs of a company that is trustworthy and with who you want to have any dealings.

If you have been contacted already by Global Networks from +34 634 085 598 in Madrid, then please let us know!