Recent posting on the forum have highlighted the precarious state of the private property rental market in the Port.
Eleanor’s last paragraph says it all:
“The knock on of this is just crazy! None of us who love PP should have a smile on our faces as we will all be hit by this in my opinion. Plus of course how much will our property be worth if this is not challenged? I really feel this is a worry to all whether you rent with or without a licence! Do we want PP to become tired and run down? of course we don't - what the heck can we do about this? ”
I believe there is so much we can do if we stick together as a group, encourage others to join and keep each other informed on the latest developments.
First of all I would like to make my position clear; I want to compete with the
hotels on an even playing field and wish to pay the appropriate registration fee to obtain a rental permit, I also want to contribute my fair share of tax to help the Spanish economy. To some extent I could be doing this now as with 16 weeks of rental I could generate at least €500 per week to the local economy with client spending plus the additional revenue created by supporting the local infrastructure with use of laundry, cleaning and maintenance facilities. Multiply that by the number of
apartments in Mallorca and we see the vast contribution property owners make to the island's economy.
So where do we go from here. I think we need to fully understand the problem and the following links will give some background.
seemallorca.com/property/letting.
seemallorca.com/property/letting/new-reform-on-the-tenancy-act-in-mallorca.
Spain to clamp down on private holiday rentals - Telegraph
This last article seems to add some perspective to the situation.
propertywire.com/news/europe/spain-property-holiday-lets.
Please feel free to add further historical links that may add to the understanding of the problem.
This whole problem is taking on “Ratner” proportions when a solution is within easy reach. Issuing property owners with a 2 year temporary permit with renewal requirement to show proof of income and tax paid would be a simple way to resolve the situation.
I am sure there are many other ways to stop this fiscal suicide, there just needs to be some sensible lobbying to clarify the law and help Spain back on its feet.
If you wish to join or just show support for this initiative please just click “like” and we will see what develops.
PS I have been a forum member for at least 6 years but forgot my log in details, so have reregistered.