Have you thought about holiday rental in Mallorca? If you are interested in selling or buying a property in Mallorca, this publication may interest you.
There are many headlines that place Mallorca as the premier destination for European tourists wanting to enjoy fantastic holidays. Evidence which is supported by reviewing the results published by the National Institute of Statistics (INE). In 2017, the Balearic Islands received almost 14 million foreign tourists, spending nearly €1.46 billion, a very positive figure considering that this represents an increase of 12.2% compared to the previous year.
It is worth mentioning that the average stay on our islands is 7.3 nights, although even more interesting is exactly where these visitors choose to stay.
It has been observed and recognized that, across every sector, people no longer consume in the same way as before, especially in tourism. In recent years it has been possible to see a much greater interest in alternative (non-hotel) accommodation.
Having a house in Mallorca with a holiday license is an important benefit to consider. When deciding to purchase a second home, this provides a source of income in periods when the house is empty. It is a useful method to recover an investment or, to continue investing. It is abundantly clear that whatever the purpose, with a holiday license, you end up winning.
Holiday rentals in Mallorca are governed by the provisions of Law 8/2012 of Tourism of the Balearic Islands, and Decree 20/2015 which outlines further details. The fundamental requirements to be able to commercialize a home, are established by the following rules:
As you can see, this is a complex issue, mainly due to the constant changes that occur with respect to regulation. Therefore, it is important to be able to rely on an expert in the field to provide qualified assessment and carry out the appropriate checks.
At EQUUS Mallorca, we put you in touch with the best jurists and lawyers on the island so you can always make the most appropriate, safe and profitable decision.
In summary, at EQUUS Mallorca Real Estate we have properties with the holiday rental license and would like to make you aware of the opportunities we can offer.
If you wish, we will be happy to arrange a visit to show you any of our currently available properties: