[Anonymous]

THE Canarian Government has this week delivered a frightening reminder to those who let their homes illegally by imposing a near-200,000-euro fine on a Tenerife property-lettings company…….

The whole crux of the matter is that you are not permitted to let on a short-term holiday basis on a residential complex. The owner of the property is equally in the wrong as well as the agent, and some owners have been fined a minimum of 30,000 euros….

Read the full article:
http://www.canarianweekly.com/government-tough-illegal-holiday-lets/

[Anonymous]

The Spanish authorities are acting insane. At a time like this they should be bending over backwards to offer solutions to property market problems, including holiday lettings. This kind of thing makes people more likely to sell and less likely to buy. Madness.

[Chopera]

So what kind of property can be rented out in the Canaries? I’d have thought that pretty much every flat in the Canaries is part of a residential complex, and perhaps most of the villas as well.

[Anonymous]

Is this specific to the Canaries or does this law apply to mainland Spain?

[Anonymous]

@jp1 wrote:

Is this specific to the Canaries or does this law apply to mainland Spain?

These laws are always regional in Spain. It’s an area of law controlled by the autonomous regional governments. Similar laws apply in The Balearics, though enforcement is very patchy, and varies greatly from island to island.

@Chopera wrote:

So what kind of property can be rented out in the Canaries? I’d have thought that pretty much every flat in the Canaries is part of a residential complex, and perhaps most of the villas as well.

You’d think so, but it’s not the case. Only certain complexes designated as ‘turistico’ can be rented out to tourists. That excludes the vast majority of properties. The powerful hotel lobby has a hand in this. They don’t like the competition from property owners.

[Fuengi (Andrew)]

????

I am surprised, I would have thought that people here would be happy that local governments are cracking down on estate agencies illegally letting properties?

It would also be worth pointing out that illegal rentals don’t generate much for the local government in terms of revenues.

And finally this is a law from 1995. The Canarias property market has survived 16 years with this law.

[Anonymous]

@mark wrote:

@jp1 wrote:

Is this specific to the Canaries or does this law apply to mainland Spain?

These laws are always regional in Spain. It’s an area of law controlled by the autonomous regional governments. Similar laws apply in The Balearics, though enforcement is very patchy, and varies greatly from island to island.

@Chopera wrote:

So what kind of property can be rented out in the Canaries? I’d have thought that pretty much every flat in the Canaries is part of a residential complex, and perhaps most of the villas as well.

You’d think so, but it’s not the case. Only certain complexes designated as ‘turistico’ can be rented out to tourists. That excludes the vast majority of properties. The powerful hotel lobby has a hand in this. They don’t like the competition from property owners.

Great information. Didn’t know this at all to be honest.

[Author]

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