Buy to let property in Mallorca
Finding a buy-to-let property in Mallorca with an existing holiday rental license is the perfect real estate investment which allows you to earn passive income immediately.
When buying property with rental licenses in Mallorca you have the legal right to rent out your property on popular online rental platforms such as Airbnb. These buy to let properties include luxury villas, frontline apartments, townhouses and charming country homes which can also be used as private holiday residences when you’re in the mood to enjoy the fantastic Mediterranean lifestyle in Mallorca. Here you will find more information on buy to let property in Mallorca, Spain.
Buy to let villas with rental licenses
Unless you have a valid ETV license issued by the local government you’re not allowed to rent out your property in Mallorca as holiday accommodation. Single-family residences which do not share any common spaces are the most likely to receive holiday rental licenses. The process of applying for a rental license in Mallorca can be very time-consuming and expensive. Hence, it’s always best to purchase buy to let villas which already have existing licences, which you can use immediately.
Buy to let apartments with holiday licenses
Many properties and areas in Mallorca such as Palma Old Town have become off limits to holiday rentals and short-term accommodation. Only apartments with existing and valid licenses which have been agreed to by the community and registered at the land registry can be listed on holiday rental sites. You may still find some apartments with holiday rental licenses among buy to rent property in Mallorca, particularly in popular resorts such as Puerto Pollensa or Puerto Alcudia.
Country homes with license to let
Country homes or fincas, as they are called in Spain, are among the most sought-after buy to let properties in Mallorca. These rustic properties are mostly traditional single-family homes which are found in the countryside or in the mountains with spectacular views, gardens, swimming pools and often close to historic towns and villages. All these attractive qualities make these investment properties highly rentable, with so many tourists wishing to escape to the Mediterranean country.
Buy-to-let real estate opportunities in Mallorca
Mallorca not only has a great selection of holiday homes. In fact, Balearic Properties also deals with commercial property including hotels, which are ideal buy-to-let investments providing great returns during high season. Profitable rental property in Mallorca doesn’t even always have to include holiday accommodation. Many international residents are constantly looking for long-term rental properties, particularly frontline villas which can be equally lucrative over long-term periods.
Discover Mallorca homes with rental licenses
Balearic Properties can advise you on the best buy to let property and investment opportunities in Mallorca. Our buy to rent portfolio includes villas, apartments, fincas and townhouses, which can all be rented out during long or short-term periods, thanks to their ETV rental licenses. Contact one of our offices in Pollensa to find the perfect buy to let property which can also be used as your part-time holiday home and rented out by our sister company Balearic Villas during your absence.