Major report on the Balearic property market with key facts and figures to help anybody looking to buy property in Ibiza
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The objective is to develop a sanction system that resembles the one that has been set for the tourist rental of houses in time for enforcement in Summer 2019.
As from 30th July 2018, you can start the procedure for the legal commercial rental of apartments to the tourism market IF you can fulfil the criteria.
Further new offences include: Drinking in public places in the company of minors. Discarding alcoholic drinks/containers in public places. Various forms of advertising.
Tinsa have released figures showing Ibiza to have the most expensive coastal property in Spain, along with a big increase in values over the last year.
Live music would again be allowed, but must end at eleven o'clock at night, not midnight as has been the case historically. The strict new regulations would remain in force for DJs.
But will the 40k€ fine be anything of a deterrent with such huge profits available? Read our editorial for some interesting figures.
Ibiza and Formentera’s Economic Growth is the Highest in the Balearics, and the Balearics Growth is the Highest in Spain.
'Pla Font I Quer' will conserve and replenish 19 species Ibiza's endangered flora, categorised as being at risk or of special interest.
Topics to be covered include: Current legal requirements for holiday rental properties, Tourist rezoning areas, Tax and insurance obligations.
A new campaign group aiming to provide low cost hosing in Ibiza is calling for support from the government and private sector.
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