Renting out correctly on Mallorca: What you need to know
The differences between long-term residential, holiday, and seasonal rentals in Mallorca.
Holidaymakers, seasonal workers or long-term tenants? Making the decision about which type of renting is best suited to your own Mallorca property is not easy, but what is the difference between residential, holiday and seasonal rentals? What do you need to consider from a tax perspective?
Holiday rental of properties on Mallorca: No longer than one month
Investors often expect the best profitability to come from holiday rentals. Due to the boom in short-term rentals to holidaymakers in Mallorca and on the neighbouring islands in recent years, the Balearic government saw the need to restrict these unregulated offers.
In 2012 legislation was passed which required properties on the islands to ha...
