5 Things you need to know about Holiday Rentals in Mallorca

What do you need to know about holiday rentals in Mallorca?

Many people choose to spend their holidays in a rented house or villa, and there are numerous advantages to this. You have your own space and your own schedule, as you don’t have to depend on set mealtimes. You have your own kitchen and enough space to spend a holiday with family or friends in Mallorca. Renting a house gives the feeling of being in a private home during your stay, and what could be better than having a pool all to yourself? Enjoying a holiday in this Mediterranean gem is undoubtedly the perfect destination for many tourists every year. Are you interested in renting out your property for holidays but don’t know what to consider? Here are the 5 things you need to know:

1. Tourist Rental License

When you decide to rent a property for holidays in Mallorca, it is essential to ensure that the property is properly registered and has a valid tourist rental license. Since the latest amendment to the Urban Leases Act, any short stay not exceeding 31 days is considered as tourist use. This means that such properties must comply with the regulatory framework governing tourist activities. To obtain this license, it is necessary to register the properties with the Balearic Tourism Register.

Obtaining the tourist rental license not only ensures that your property complies with all regulations but also increases the trust of potential guests who are looking for accommodations that meet local regulations and quality standards.

2. Type and Age of the Property

The type and age of the property are key factors in holiday rentals. In saturated tourist areas, such as the city Palma, apartments have been prohibited from being rented for this type of holiday rental since the new tourist law came into effect on 1 August 2017. However, there are areas on the island where a tourist rental license can still be obtained as they are not considered saturated areas.

Detached single-family homes with a minimum age of 5 years can apply for this license. This approach aims to control tourist saturation and ensure that the sector’s growth is sustainable, protecting both local residents and visitors.

3. Necessary Documentation

To obtain a tourist rental license, it is crucial that the property has certain valid documents. These include:

• Habitability Certificate: Certifies that the property meets the minimum habitability conditions.

• Municipal Certificate: Confirms that the property is located in an area suitable for holiday rental.

• Energy Certificate: Indicates the property’s energy efficiency.

In addition, the requirements stipulate that there must be one bathroom for every four beds, individual water metres, and a maximum of six bedrooms per property. Meeting these requirements not only ensures the license can be obtained but also enhances the quality of the accommodation, making guests feel more comfortable and secure during their stay.

4. Changing Tourism Laws

The tourism sector in Mallorca is subject to dynamic regulations that can change frequently. Law 6/2018 introduced several significant modifications concerning tourism. It foresees the possibility of granting up to 20,000 places for holiday stays in homes, with a maximum of 30,000 places in the next two years. This law also establishes prices for the places according to the type of accommodation: single-family homes pay 3,500 euros per place, while multi-family homes pay 875 euros per place.

Staying informed about these laws is crucial for property owners who wish to rent their properties as holiday homes. This not only helps to avoid penalties but also allows them to take advantage of new opportunities in the tourist market.

5. Importance of Home Staging

Home staging has become an essential tool to increase bookings in holiday rentals. The first impression is crucial, and a well-furnished and decorated space can make a big difference. Creating a welcoming and harmonious atmosphere is key to capturing the attention of potential guests.

Hiring home staging professionals can be a valuable investment, as they help present the home in the most attractive way possible. By improving the appearance of the property, its appeal on rental platforms is increased, which can translate into a higher number of bookings and ultimately higher income for the owners.

In conclusion, holiday rentals in Mallorca offer multiple advantages and opportunities for both tourists and property owners. However, it is vital to comply with local regulations and stay informed about changing laws to maximise the benefits. With the right license, a well-maintained property, and effective marketing strategies such as home staging, owners can offer an unforgettable experience to their guests while enjoying the financial benefits of this rental model.