The procedure is still very complicated. The holiday home must be situated in a zone where rental is possible according to the zoning plan. First a corresponding certificate must be applied for with the municipality responsible. Should the object be an apartment in a residential complex/building an owners’ meeting must be held and must approve the rental.
With its well-kept beaches, beautiful landscapes, idyllic villages and vibrant towns – all only around three hours flight away, Mallorca offers the perfect holiday experience for every taste. You can explore the island on foot or by bicycle, swing your golf clubs on 24 golf courses and relax in the sun on over 140 beaches. 560 km of coastline await discovery in your rental car and the capital of Palma with its historic old town, cathedral and countless bars and restaurants is worth more than just a day trip.
Vacation in a holiday home or on a finca in Mallorca are trendy. More and more people are enjoying the many advantages: Flexibility, privacy and the possibility to experience the authentic Mallorca away from mass tourism. With immediate effect the booking portal Porta Holiday, with around 1.000 fincas and holiday homes becomes one of the leading providers on the popular Balearic island.
Homes & Holiday AG, the specialist for holiday real estate in Spain and Germany, is acquiring Top Villas Mallorca S.L., which specialises in finca and holiday home rentals on Mallorca. Together with the subsidiary Porta Holiday, which is also active in this area, the new group will be one of the leading holiday rental companies […]
Those looking for a holiday home in Mallorca know that it is an emotional matter. The Porta Holiday yield calculator for holiday renting makes this important investment decision more tangible and shows what can be earned from the rental. Beate Schneider has long been looking for her new holiday domicile in Mallorca and she knew: ”The property […]
70% of the properties on offer are in Mallorca, Ibiza consists of 80% luxury offers and Menorca offers low entry prices. Holiday properties in Mallorca, Ibiza and Menorca are very popular with foreign investors. More than one in three buyers does not live in Spain, and property transactions in the Balearic Islands have more than […]
One of the most important requirements is certainly the minimum age of the property – it must have been used for other purposes than renting for at least five years in order for the issue of a renting licence to be considered, meaning that buyers of newly-built objects with holiday renting projects will need to find a transitional use for that period. As a consequence of this rule, using holiday renting to claim back sales tax paid on the purchase of the property no longer applies.
Holidays in a holiday home in Mallorca are becoming ever more popular and more and more owners are renting their properties to tourists during the times the house would normally be standing empty. Holiday properties are also becoming more popular as investments as the returns from holiday renting can be very attractive. How much, however, […]
He thought that he had done everything right, but the owner of a holiday home was still unpleasantly surprised when advised by the tax authorities that he owed turnover tax (Spanish:IVA) – out of the blue.
The person concerned is puzzled as he does not operate a purely commercial holiday-home rental which would be liable to VAT, only the administratively and fiscally- simplified version for which no IVA accounting is necessary.
2017 was a turbulent year for holiday rentals in Mallorca. The Balearic government initiated a new law on the 1st. of August imposing a moratorium which means that it is likely that, at least before summer 2018, no new applications for holiday rental licences will be accepted.
The island is improving its facilities for handicapped people. The forerunner is Palma with offers for tourists with limited mobility like tours of the old town and even watersport possibilities that are all barrier-free. Things are starting to move – even though there is as yet no complete accessibility for the handicapped. The Balearic government […]