I want to live in Spain – just not all year! There’s nothing wrong with wanting the best of both worlds, and if that means enjoying a British summer and a Spanish winter, why not? Moreover, limiting your time in Spain to winter means you can rent it out all summer for a healthy profit. Sounds tempting doesn’t it?
The Balearic Islands of Mallorca, Menorca, Formentera and Ibiza, are an archipelago of islands in the western Mediterranean Sea. According to the National Statistics Institute, property sales in the Balearics are increasing by 32.3% year-on-year. So, why do the islands hold such widespread appeal?
It is only comparatively recently that the various Spanish Autonomous Regions have introduced tight rules for rentals, especially holiday rentals. It was necessary to ensure the high standard now expected by tourists. Many places which were advertised had no basic amenities such as air conditioning or ceiling fans. Some had no natural light in bedrooms and fell below the expected safety criteria. Today, we explore the major rules for rentals in Spain.
The Canary Islands tourism authority claims the islands have the ‘best climate in the world’ – and it is hard to dispute. They get an average of 21°C year-round, and over 2,800 hours of sunshine a year. That’s over 1,400 more than the UK! You can see why this area is so popular with expats, especially when you add in the island lifestyle: easy access to the beaches and sea and plenty of fascinating towns and villages within a short drive wherever you are.
Spain’s smaller cities scattered throughout the peninsula, offer a more tranquil, “liveable” lifestyle than some of the costas and bigger cities. The properties are usually more affordable too. Read our guide to seven liveable and loveable, and slightly smaller cities.