The legislation exists in the Balearics to enable town halls to make surcharges. | Marc Pons (Twitter)
Palma22/12/2018 16:24
Town halls in the Balearics will, if they wish, be able to make a 50% rates surcharge on all empty properties. This would be in accordance with measures set out by the Spanish government. The reasoning behind this is that it will be an incentive for owners to make properties available for rent. This, in turn, would help to drive down the cost to rent.