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Real Estate News
New obligation: liability insurance for objects of touristic rent

Since 11th of April objects of touristic rent have to take out an insurance policy of liability covering at least 300.000 Euros with a maximum of own funds of 600 €, covering the liability of all physical and material damages, the users of the housing might suffer during their stay. This is valid for the regulated rentings, which falls under the Law of Tourism of the Balearic Islands (Law 8/2012).

Tourist Tax

Last Saturday, 2nd of April Law 2/2016 of 30th of March concerning the tourist stays on the Balearic Islands and measures to promote sustainable tourism was published.

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