For the past year, we’ve been writing about the current situation regarding renting licenses for holiday villas and apartments on our blog. Specifically, we’ve discussed the legal requirements, the zoning project. Today we are back with an update that helps shed some light on some of the points that need more clarification: when and how much will licenses cost.
The Mallorca Council has prepared a new zoning proposal after the feedback received from the different municipalities of the island, and now the Environmental Commission of the Balearics has a month to finalise their report. This report is expected to be approved in the parliament session on the 27th July, but then a period of 45 days will be open to receive feedback and meet up with several associations pushing the final application date to the end of September. In the case of the capital, Palma, it looks like it might take a few weeks more until the 1st August, as their zoning proposal was introduced at a later date.
The determined prices for each sector which include €875 per place of occupancy for apartments, €3.500 for townhouses and villas and €291,67 for those who choose to rent their home for up to 60 days. Find out more about the pricing here.