1. Scrap the 90 day rule for British and other non-European Union citizens. It is a nightmare situation that holiday home owners (non-resident) from outside the European Union can only spend 180 days enjoying their Mallorca home. It is especially hard for Britons because the majority bought their home before Brexit when they were not governed by this law. Many Britons are thinking of selling their homes because they have become an expensive luxury which they can only enjoy six months of the year.
2. Make it easier for home owners to rent out their properties. The rental laws in the Balearics are very strict and apartment owners are not able to rent out their properties for short periods so this rules out holiday lets. If the laws were relaxed and providing the home owners pay tax on their earnings and have the necessary paperwork and quality standards I believe that they should be able to rent out their properties to holidaymakers. It would make owning a home on the island and even more attractive proposition.
3. Cut red tape especially for British buyers. Since Brexit, would-be British property buyers have been hit by yet more red tape when buying a property. In some cases they have to seek permission from the military to buy a home.
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Hash and rehash!
1. 90 days... That's pretty much the standard everywhere in the world. Brits in particular exhibit no particular reason to be exempt, other than accident of birth. Funny though, they don't complain about the 90 day limit in Florida. Or the Caribbean. Or Costa Rica. Or Belize. Or South Africa. Or Australia. Or New Zealand... or anywhere else. 2. Easier rentals: wholeheartedly agree. Especially regarding squatting. Dump all squatter protection laws. It's legalised thievery. 3. Cut red tape for British buyers? Why? Statistically, there's not much problem attracting buyers, British or not. Why Brits in particular? Because we're not wonky "foreigners"? Accident of birth again?
Some cracking and tops tips to take away there. Amazing.
The property market doesn't need 'a lift'. House prices and rents are already at record highs. Mallorca is a small island and there is a serious lack of affordable housing. Selling more houses to non residents will only make this worse.
Living in your Mallorcan house more than 180 days is called residency and taxes paid like a resident. How many of these people who stay longer than 180 days would actually get residence status and pay tax 🤔 The rule is very fair as it is.