Can Legalised Properties in Mallorca Retain Their Tourist Rental Licences?

Mallorca remains one of the most sought-after destinations for holidaymakers and property investors alike. With recent changes in Balearic property laws, many homeowners wonder: can legalised properties retain their tourist rental licences? This article provides an in-depth look at the new legislation and what it means for property owners, particularly those working with Prestige Villas.

Understanding the 2024 Legalisation Law in the Balearics The Llei 7/2024, introduced by the Balearic Government, aims to simplify administrative processes, including legalising properties on rustic land. While this new legal framework allows previously non-compliant properties to be legalised, it also sets strict rules regarding their future use.

Key Takeaways from the New Law

• Properties on rustic land previously considered “out of order” can now apply for extraordinary legalisation.
• The legalisation process requires compliance with environmental, water treatment, and aesthetic regulations.
• A legalisation fee must be paid, ranging from 10% to 15% of the property’s material execution cost.

Can a Legalised Property Maintain Its Tourist Rental Licence? A major concern for homeowners is whether a property that undergoes the extraordinary legalisation process can continue to operate as a holiday rental. According to the Disposició transitòria quarta of the new law:

• Properties with a valid tourist rental licence before 29 May 2024 can retain it.
• Newly legalised properties that never had a licence will not be eligible for one.
• Properties legalised under this scheme must comply with updated quality and safety standards.

Implications for Property Owners and Investors If you are a property owner considering legalisation, you must assess:

• Current Licence Status: If your villa was already licenced before 29 May 2024, you’re in the clear.
• Investment Viability: If your goal is short-term rentals but your property lacks a previous licence, it may no longer be an option.
• Future Proofing: Ensuring compliance with eco-friendly and efficiency measures could enhance long-term rental prospects.

How Prestige Villas Can Help At Prestige Villas, we specialise in selling and renting exclusive properties across Mallorca. Our services include:

• Property Sales: Helping buyers find their perfect home or investment property.
• Holiday and Long-Term Rentals: Managing premium rental properties for owners and tenants.
• Expert Local Knowledge: Providing insight into the best locations and market trends.

Final Thoughts The new legalisation law presents challenges and opportunities for property owners in Mallorca. If your property was already licenced before 29 May 2024, you can continue offering it as a holiday rental. However, newly legalised properties without prior licences cannot enter the short-term rental market.

Contact Prestige Villas today for expert guidance on buying, selling, or renting a property in Mallorca. Our team is here to help you make the most of your investment.