Property News

Madrid following Palma’s lead

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A controversial law effectively banning the holiday rental of almost all flats located in apartment blocks in Palma de Mallorca appears to have been having the results it was hoped for. Known as the Cort law, it’s main point was that rental properties had to have a private entrance, something very few such flats do in the overcrowded Balearic city.

The council that brought in the law last year said that the vast majority of unregulated or illegal properties in the city were in apartment blocks. In addition these were often of sub-standard quality and inappropriate for foreigners who did not speak the language and suddenly found themselves in a building full of local residents. These type of rentals have now fallen significantly and Madrid is planning to bring in similar regulations.

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