15 Sep 2008 7:03 PM:

Maria

thanks for replying. 
Are these licences difficult to obtain?
For example if I am thinking of buying in an already establised holiday resort like San Jaime in Menorca.

regards

Mickyl


Thread: Rental licences

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14 Sep 2008 9:18 AM:

sarah

the only info I have is what I've been told by an Estate agaent in MAjorca who insisted that 95% of properties do not have this licence and the Tax people are only after the big players.
I'm not sure whether I trust Estate Agents, but I was also told this by my Solicitor when I was looking into buying in Murcia (I was buying a place in Jumilla but the developer went bust - money safe though - phew!)
The problem as I see it is that if you apply for a licence and are denied it then the authorities are aware of you. I really don't know how easy it is to obtain a licence. I would suggest making equires on the premise that you want to buy in your area and see what the council say.

Good luck

Mickyl

Thread: Rental licences

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29 Jun 2008 12:00 AM:

I'm thinking of buying an apartment out in Menorca after having had many holidays there over the years. the only trouble is I read somewhere that you need a licence if you intend to rent the property out and that getting a licence is difficult and not guaranteed.

Does anyone have any experience of this?



Thread: Rental licences

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18 Sep 2007 4:13 PM:

I'm also looking to invest here and will be travelling out in a few weeks time.

I'm now worried about licences as mentioned by Georgia.

I've used a company called Property investment portfolios who are guaranteeing a rental rate of 6.8% to cover all costs. Has anyone used these?

I think they are offering a similar deal to S.I.S 15% growth (Id on't believe this will be sustainable year on year though) and a property called the Malva.

Mickyl

Thread: New investestment in Murcia

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