Buying Mallorca property with a holiday rental licence

If you are looking to buy a property in Mallorca that has a holiday rental licence, there are a few steps you should follow:

Search properties: Talk to Casa Nova Properties' sales managers in the southwest of the island to find properties that have a holiday rental licence. In the descriptions we indicate if the property you are looking for has such a licence.

Check the licence: We will check with you that the holiday letting licence provided is valid and up to date. The owner of the property will inform us of the licence number. You can then check the number on the official Balearic government website: https://www.caib.es/sites/rendimentturistic/en/portada/

Property inspection: Make an appointment to view the property in person and ensure it meets your requirements and expectations , especially important the number of bedrooms and beds.

Financing: If you need financing for the purchase of the property, you should contact your local bank or a Spanish bank early on to get good conditions. Casa Nova Properties will help you with this.

Purchase contract: After all legal and financial aspects have been clarified, you sign the purchase contract and pay the agreed deposit. The contract includes all details about the property, the purchase price, the payment terms and the holiday rental licence.

Notary: After all legal and financial aspects have been clarified, sign the purchase contract and pay the agreed deposit.

Notary and transfer of ownership: The transfer of ownership takes place before a notary. He or she will check the contract of sale, establish the identity of the parties and supervise the signing of the contract. Subsequently, the transfer of ownership is registered in the land register.

Taxes and fees: Remember that there are various taxes and fees involved in buying a property in Mallorca, such as the Immovable Property Transfer Tax (ITP), notary fees and land registry fees.

Once the purchase is complete, you can use the property for holiday rentals. Make sure you comply with all the regulations and laws that apply to holiday rentals in the Balearic Islands and register your rental activity with the relevant authorities and the tax office. A Gestoria will help you with this!

The staff of Casa Nova Properties will guide you professionally through all the steps.