If you own any type of property in Mallorca and want to rent it out to tourists and holidaymakers at any period during the year, it’s going to be tough from now on. The regional government has prepared a draft law on the subject which forms part of the Tourist Law, which governs this type [...]
The average price of renting a property in Spain rose by 1.5% during the second quarter of this year, according to a study carried out by Fotocasa and the IESE Business School. This is the first time that the cost to rent a home has gone up in the last 12 quarters, or 3 years. [...]
If you have ever visited Spain on holiday and stayed in an apartment for the duration of your vacation, it is possible that you have been put up in an illegal tourist apartment. It has been estimated that there are currently half a million of these apartments that are rented out temporarily to tourists when [...]
Property experts Fotocasa have published a report on the rental situation in Spain for 2013. They have calculated that the amount of money owners can charge to rent out their property has dropped in 96% of Spanish municipalities. In fact, rental prices have only increased in 7 municipalities and remained the same in two when compared to [...]
Tax office inspectors made 20,446 unexpected visits to properties last year They are stepping up their inspections on this type of activity Hotel owners have long criticised illegal holiday lets in apartments It’s clear that the Spanish tax office, Hacienda, is not about to let up in its search for those who are not paying [...]
