8. Buy-to-Let
If you are buying with a view to rent the property out, either as short or long-term, make sure the region of Spain in which you are buying allows for this. Some regions, i.e. Balearic Islands, have stringent regulations whereby a special licence is required to rent. Failure to comply will result in the Town Hall fining you. Disgruntled neighbours always make apt whistleblowers, so be warned. Other regions in Spain, such as AndalucÃ*a, do not require letting licences but do have their own regulation in place on letting out property. i.e.
Decree 218/2005. And as a final word of caution, unless your property is in a prime location, do not rely on the let to offset the mortgage repayments.
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