GIANT RENTAL FINE

THE owner of five tourist apartments has received a record fine of €200,000 for illegal holiday rentals.

The Mallorca government levied the giant sanction for continually renting five separate flats to tourists without a licence.

The fine of €40,000 is the maximum per unit, although the owner can still appeal the levy.

The huge fine is double the total of €100,000 the Mallorca Consell raised through the fines of 150 apartments last year.

Example

According to data from Eurostat, the average cost for housing, water, electricity and other fuels in the UK was an alarming 68% higher than the rest of Europe.

Companies are increasingly giving employees the opportunity to work remotely, making a move to Europe an option for many young people.

Several countries have set up attractive visa schemes for remote workers, such as the increasingly popular Digital nomad visa in Spain.

It is hoped that the fine will set an example to other owners, who are said to collectively own 25,000 tourist apartments in Palma city alone. Only 621 properties in Palma have official licences to rent to tourists.

The authorities in Mallorca are particularly angry about the number of holiday rentals available on the platform Airbnb, which it claims are illegal.

At least 70% of the properties to rent are illegal, while around only 8% are illegal, for example, in Pollensa and 7.5% in Manacor.

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