Tourism is obviously a great growth opportunity, but the boom in property rental for touristic purposes has turned into one of the main concerns of homeowners associations and local governments. The lack of control over short term rentals of touristic dwellings allowed the increase of long term rental prices and it forced many local residents […]Continue reading
The Government is finalizing a law decree requiring internet portals to report owners and income. These must comply with the Public Safety Act and report on who is staying at their properties. The Internet portals should inform the Tax Agency of who owns the tourist homes that appear on their websites and what the income they […]Continue reading
Palma City Council has set next spring as the deadline to have the zoning provided for in the tourism law that will determine which areas of the city can be leased multifamily housing and which are not. In this sense, the City Council already has several reports prepared to approve the moratorium on tourist establishments […]Continue reading
At the beginning of the month the moratorium for the granting of new tourist rental licenses came into force after the text of the amendment to the Balearics Tourism Law was published in the BOIB, after having been approved by the full Parliament on the 18th of July. The amendment makes special reference to two […]Continue reading
Last week came into force the new Law of Tourism of the Balearic Islands that begins including a moratorium of one year in which will not be granted new licenses of tourist rental. Aspects to consider: The institutions with urban planning have a period of one year to establish and approve the zoning. Until this […]Continue reading
The number of foreign tourists that visited the Balearic Islands in the first six months of the year exceeded 5.4 million, 8.5% more than in the same period of 2016, these are the latest data released by the National Institute of Statistics (INE). These data lead us to consider the current situation of the much-discussed […]Continue reading
