Nowadays one of the many businesses that work very well on the island of Mallorca is the holiday rental for those owners who have Fincas, Villas, etc.... This makes that more and more people want to invest in this business and buy a property to convert it later into a holiday home, a very good idea as long as we have clear regulations, currently in Mallorca it is forbidden to rent holiday rentals or as some call rent for days the houses as flats or any property that is in a community of neighbours, this means that if you are thinking of investing in a property in Mallorca to convert it into a holiday home you have 2 options, 1 if you buy a flat you will need to take the idea to the board of neighbours and that they agree at least 50% of them so you can apply to tourism for the tourist rental license you need for this type of business or 2 buy an independent property such as a town house, a finca or any property that is not subject to a community of neighbours so you can apply to tourism for the license without the requirement to ask anyone. Another option is to buy a property that already has such a licence, for example this one.
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