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Property for sale Gran Canaria

Year: 2023

August 2, 2023 Daniele Piccoli No Comments Real Estate Investments, Uncategorized

DIFFERENCE BETWEEN FLIPPING AND REAL ESTATE TRADING IN THE CANARY ISLANDS

REAL ESTATE TRADING VS. REAL ESTATE FLIPPING

If you are passionate about real estate and are trying to approach the world of real estate investment, it is important to know the different strategies available. Two of the most popular are “Real Estate Trading” and “Real Estate Flipping,” both of which aim to generate profits through real estate transactions. In this article we will explore the key differences between these two strategies, helping you understand which one might be best for you.

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1ST DEFINITION.

REAL ESTATE TRADING

Real estate trading, also known as “house flipping,” involves buying a property at a discounted price, renovating or improving it, and then selling it at a higher price within a short period, usually a few months. The goal is to take advantage of rapid increases in value and make a significant profit from the sale.

FLIPPING REAL ESTATE

Il Flipping Real Estate is a strategy similar to real estate trading, but with one key difference. Instead of selling the newly renovated property, the investor keeps the property and rents it out to generate long-term cash flows. In addition, Real Estate Flipping often involves a greater emphasis on improving the property and creating a high-quality end product to attract high-ranking tenants and maximize returns.

2ND INVESTMENT PERIOD

REAL ESTATE TRADING

This strategy involves a relatively short investment period, usually a few months to a year. Investors seek to sell the property quickly once renovations are completed to maximize short-term profits.

FLIPPING REAL ESTATE

Flipping Real Estate involves a longer investment period. Investors aim to generate long-term cash flows by renting out the renovated property, which means they keep the property for a longer period, often from a few years to many years.

3RD RISK AND RETURNS

REAL ESTATE TRADING

Real estate trading can offer high profits in a relatively short period of time, but it also carries higher risks. If the real estate market experiences a downturn or renovation costs exceed forecasts, the investor could incur significant losses.

FLIPPING REAL ESTATE

Real Estate Flipping, while offering a stable long-term return through renting, may not generate as high an initial profit as real estate trading. However, it also reduces short-term risk, as the investor has the opportunity to earn monthly cash flows from the property through rentals .

4º FINANCIAL CAPABILITIES AND SKILLS

REAL ESTATE TRADING

This strategy requires significant upfront capital to quickly acquire and renovate the property. In addition, the investor should have a good understanding of the local real estate market and project management skills to complete renovations efficiently.

FLIPPING REAL ESTATE

Anflipping Real Estate also requires an initial investment to purchase the property and finance improvements. However, as the property is rented, the investor should also have property management skills to maintain the property, manage tenants, and address any maintenance issues.

In conclusion, Real Estate Trading and Real Estate Flipping are two different strategies, both with advantages and challenges. The choice between the two will depend on your financial goals, your financial readiness, your skills, and your risk appetite. Before embarking on any real estate investment, it is essential to do thorough research, consult with industry professionals, and carefully consider which strategy best suits your financial needs and aspirations.

If you are interested in applying either of these two real estate investment strategies on the island of Gran Canaria, I will be happy to join you by providing all my knowledge and experience gained from years of working in the local real estate industry. You will also be able to join my method “The Real Estate Investors Circle” focused on the Short or Medium Term Rental Business resulting from a real estate investment with one of the two strategies of Flipping or Real Estate Trading.

Please do not hesitate to contact me at my contact details to evaluate together the best way forward to make your real estate investment in Gran Canaria safe, profitable and guaranteed.

THE STRENGTH OF AN INVESTMENT IS NOT THE 'PROPERTY,
BUT WHO WILL BUY IT!
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July 17, 2023 Daniele Piccoli No Comments Fees and Taxation, Legislation/Laws, Model 210

TAX RETURN FOR NON-RESIDENTS IN THE CANARY ISLANDS

TAX RETURN FOR NON-RESIDENTS IN THE CANARY ISLANDS

DO YOU HAVE PROPERTY IN GRAN CANARIA AND ARE BEHIND ON YOUR NONRESIDENT TAX RETURN AND DON'T KNOW HOW TO FIX IT?

DO YOU HAVE COMMUNICATION PROBLEMS BECAUSE YOU DON'T SPEAK SPANISH AND DON'T KNOW HOW TO FILE A TAX RETURN AND WHO TO CONTACT?

We are experts in Property Tax Management in Gran Canaria

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PROPERTY TAXES IN THE CANARY ISLANDS FOR NON-RESIDENTS

Many real estate investors who buy in Spain or the Canary Islands are unaware that they automatically become liable to pay local tax taxes.

If you are looking for assistance on Tax Management of your property in Gran Canaria, we are here to help you. We’ll take care of everything, you’ll just have to send us all the documentation we ask for via email.

Contact us, we will help you solve the problem before the Canary Tax Agency solves it for you!

Impuesto sobre la Renta de no Residentes (IRNR) is the income tax for all those who do not reside in Spanish territory, but have obtained income from real estate in Spanish territory.

WHEN YOU HAVE TO FILE YOUR TAX RETURN

IF YOU ARE A NON-RESIDENT OWNER WHO RENTS YOUR PROPERTY TO TOURISTS OR RESIDENTS
(Who rents it out to third parties)

Rental income, i.e., from Short Rent or Long Term Rent if you are not a resident of Spain, must be declared using Form 210 in the first twenty calendar days of January, April, July and October with respect to income whose accrual date is within the previous calendar quarter. In this case you will also have to file Form 420 and Form 425

IF YOU ARE A NON-RESIDENT OWNER WHO USES YOUR PROPERTY FOR PERSONAL USE
(Without renting it to a third party)

Imputed income from Urban Property: if the property has been vacant at any time during the year, Form 210 must be filed for that period. The return must be made during the calendar year following the accrual date.

INCOME FROM THE SALE OF REAL ESTATE

Within a maximum of 3 months after the period of one month from the date of transfer of the property has elapsed, Form 210 must be submitted

FAILURE TO DECLARE THE ABOVE TAX OBLIGATIONS CAN LEAD TO 95% PENALTIES FROM THE TAX AGENCY

Purchase our limited-offer service now, which includes YOUR NON-RESIDENT'S INCOME STATEMENT AND TAX PAYMENT SERVICE

CONTACT US NOW FOR YOUR STATEMENT

Don’t wait for the Canary Tax Agency to solve the problem. Contact us now and we will help you solve the problem.

Make your economic choices reflect what really matters to you!

  • Calle Green nº1
    Complejo MANGOLF VILLAS C.P.35106
    Salobre Golf-Maspalomas-Gran Canaria
    Canary Islands-Spain
  • info@propertyforsalegrancanaria.com
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  • +39 3518711203
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June 4, 2023 Daniele Piccoli No Comments Short Term Rentals/Tourist Rentals

PROPERTY MANAGEMENT CHECK-IN/OUT HOUSEKEEPING

WE ARE LOOKING FOR NEW FACILITIES TO MANAGE FOR SHORT TERM RENTAL

“PROPERTY FOR SALE GRAN CANARIA” is actively seeking new facilities to be manage for short-term tourist rental, including Villas, Chalets, Bungalows, Apartments, Duplexes and Triplexes. We offer management contracts lasting at least 12 months to ensure stability and continuity for owners. In addition to managing bookings on portals, social and our institutional website, check-ins and check-outs, ready interventions to the property and guests, we also take care of housekeeping through our company, and the fiscal management for payment of taxes on the revenue generated, providing a full 360-degree service.

Our areas of interest include in the South Meloneras, Playa del Ingles, Campo Internacional, Sonnenland, Puerto Rico, Amadores, Salobre Golf, and San Agustin; in the North Playa de Las Canteras and Santa Catalina.

If you own a property in one of these areas and are interested in having us manage your property for tourist rentals, please do not hesitate to contact us, and we will be happy to schedule an appointment at our Playa del Ingles offices or a phone call or Skype to discuss it together and evaluate the possibilities of collaboration.

Don’t let your property only generate expenses, start it in the business of short rentals by relying on a serious and professional partner who will take care of everything by relieving you of any practical and bureaucratic tasks.

The law in Gran Canaria establishes precise rules for short-term rentals to tourists and we follow them strictly by dealing with the application for the Vivienda Vacacional license, the registration of guests, the alignment with the guidelines regarding the accommodation, its set up, insurance, etc… so that you sleep soundly and our work is done legally safe from fines and complaints.

Contact us for more information at our phone or email contact information

+34 635632009 +39 3518711023

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Daniele Piccoli

June 4, 2023 Daniele Piccoli No Comments Fees and Taxation, Short Term Rentals/Tourist Rentals, vivienda vacacional

DEDUCTIBLE EXPENSES VIVIENDA VACACIONAL

WHAT ARE THE TAX DEDUCTIONS FOR THOSE WHO HAVE A VACATION HOME WITH A REGULAR VIVIENDA VACACIONAL LICENSE IN THE CANARY ISLANDS?

There are many people who ask me this question during telephone or presidential informational interviews, so I decided to summarize them below for clarity.

MISCELLANEOUS UTILITIES.

Expenses incurred for utilities for your Vivienda Vacacional business may be deducted as essential operating costs for your business. These expenses typically include electricity bills, water bills, costs related to internet connection….but not only.

ORDINARY COSTS OF BUILDING ADMINISTRATION

Condominium administration expenses that may include maintenance of the building in which the property is located, maintenance of the gardens and swimming pool if present, and maintenance of the accounts by the administrator who in Canaria is very often represented by a company.

CLEANING FEES

Cleaning expenses, if carried out by specialized firms or contractors, can also be taken as a deduction. In fact, when professional services are used to clean the dwelling, wash linen and maintain it, the related expenses may be considered deductible.

COMMISSION OF BOOKING AND MANAGEMENT PORTALS

Of course, you will then be able to deduct all the invoices related to commissions from the various tourist booking portals, such as Booking, Airbnb, VRBO, and others that in order to provide you with visibility require you to pay a percentage of your rental income in return. This percentage will also be required of you by the eventual agency or person, company in charge of the management of your vivienda vacacional (checkin, checkout, assistance to the property and the tourist, emergency response, supervision cleaning service and property maintenance) and will also be tax deductible.

INSURANCE PREMIUM

The Vivienda vacacional law requires you to take out a specific insurance policy that covers any damages caused by tourists, to third parties, atmospheric or to the contents of the property for any eventuality. The annual premium you pay for this insurance will be deductible, according to the Personal Income Tax Law , from your taxes for the year in question.  

EXPENSES FOR EQUIPMENT OR ENDOWMENT OF THE BUILDING

When you own a vacation home there are numerous details to take care of to ensure a pleasant experience for your guests. From the bathroom and bedroom linens that are always in excellent condition, unstained and of good quality, the small appliances such as mocha coffee maker, water kettle, various sized cookware and kitchen utensils that are neither ruined nor rusted. All purchases made for your business can make a difference on your income and are tax deductible.

PROMPT ACTION AND MAINTENANCE

Also eligible for the deduction are all expenses incurred for emergency work performed by professionals such as electricians, plumbers or similar, as well as minor maintenance work such as painting walls or repairing locks by a carpenter.

THIRD-PARTY SERVICES

To run your business you may need professional third parties such as accountant, lawyer, real estate agency…all fees of these professionals inherent in your vacation rental are tax deductible.

TAXES

Property taxes, such as the Urban Property Tax (IBI) and garbage collection fee (Basura), which are own municipal taxes and cover the costs associated with ownership and waste management, can be deducted from personal or business taxes.

TIP

To ensure accurate management of your expenses, you should keep invoices from service providers. However, it is important to keep in mind that the ability to deduct these expenses is limited based on the number of days you had guests.

So be sure to keep a copy of all invoices from service providers to the property and professionals who operated during the time you hosted your clients or otherwise in reference to a booking that occurred at your vacation rental.

FOR MORE INFORMATION PLEASE FEEL FREE TO CONTACT ME

CONTACT ME
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Daniele Piccoli

June 1, 2023 Daniele Piccoli No Comments Real Estate Investments

DOES INVESTING IN THE CANARY ISLANDS PAY OFF?

WHY DO MANY REAL ESTATE INVESTORS PREFER TO INVEST IN THE CANARY ISLANDS THAN IN THE REST OF THE WORLD?

There are several reasons why a real estate investor might consider investing in Gran Canaria or the Canary Islands in general. Here are some of the main reasons:

  1. Tourism: The Canary Islands are one of the most popular tourist destinations in Europe. Every year, millions of tourists visit these islands to enjoy the subtropical climate, beaches, outdoor activities and relaxed atmosphere. This creates a strong demand for tourist accommodation, such as apartments, vacation homes and hotels, offering stable investment opportunities in tourism real estate.

  2. Favorable climate: The Canary Islands enjoy an exceptionally pleasant climate year-round, with average temperatures ranging between 20°C and 30°C. This climate attracts many visitors during the winter, seeking warm and sunny weather. The attractiveness of a pleasant climate contributes to the stability and demand for tourist accommodation, encouraging real estate investment.

  3. Taxes and tax incentives: The Canary Islands offer attractive tax advantages for real estate investors. For example, there is preferential taxation on Personal Income Tax (IRPF) and Corporate Income Tax (IS), as well as reduced Value Added Tax (VAT) for tourism activities. These tax incentives can make real estate investments more profitable and attractive.

  4. Political and economic stability: Spain, of which the Canary Islands are a part, is a democratic country with a stable economy. This provides a favorable environment for real estate investment, ensuring a stable legal framework and clear rules for foreign investors.

  5. Real estate growth: The real estate sector in the Canary Islands, and particularly in Gran Canaria, is growing steadily. There are many opportunities for real estate development, both for new construction and renovations. In addition, there are several expanding tourist and residential areas that offer attractive investment opportunities.

  6. Quality of Life: The Canary Islands offer a high quality of life, with a unique combination of natural landscapes, beaches, outdoor activities, and modern infrastructure. People looking for a home to live there full-time or to spend their vacations can benefit from a pleasant environment and a wide range of services and recreational activities.

Of course, as with any real estate investment, it is important to conduct a careful market analysis and assess the risks and potential returns before making a decision.

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Daniele Piccoli

May 23, 2023 Daniele Piccoli No Comments Uncategorized

NEW LAW ON LONG-TERM RENTALS

LONG-TERM RENTALS VS. SHORT-TERM RENTALS : THE NEVER-ENDING STORY

Spain’s new Rent Law appears to introduce a cap on long-term rental prices, with the aim of making it easier for residents.
This initiative could bring major changes to the Spanish rental market and have a significant impact on the lives of citizens.
With the new Spanish Rent Law, residents could benefit from greater stability and predictability in long-term rental costs.
The implementation of a cap on rental prices aims to counter the exorbitant rise in rental prices and ensure that rents are affordable for all.
However, it is also important to consider the potential negative consequences of this measure.
If the cap were set too low, it could limit the supply of rental housing on the market.
This could lead to a reduction in available rental opportunities and increased competition among interested parties.
It is crucial that the new Rent Law in Spain strikes a balance between protecting residents and making the rental market sustainable.
It will be interesting to monitor the implementation of this law and to assess the effectiveness of the measures taken in achieving its goals Although the new Law on Renting in Spain offers the possibility of capping long-term rental prices, it is necessary to carefully assess all the implications and consider the overall picture of the rental ecosystem in Spain to fully understand the effect this measure could have on residents and the housing market as a whole.

VIVIENDA VACACIONAL WILL CONTINUE TO INCREASE AND BE A SAFE AND GUARANTEED INVESTMENT IN MY OPINION AND I’LL EXPLAIN WHY

The new long-term rent cap law, scheduled to be passed by the end of the month, may have an effect contrary to what was hoped.
Although the goal is to help residents cope with exorbitant monthly rents relative to their income, by eliminating the real estate fee charged to tenants and shifting it to landlords, it could discourage landlords themselves from renting out their residential properties.
This, in turn, would further reduce the availability of homes for residents, joining the thousands of vacation homes, i.e., Vivienda Vacaciònal already in place.
This situation could be viewed positively by us Real Estate Agencies who manage properties for short rentals, however, as we are also residents on the islands, we are aware that we could be negatively affected from another perspective.
In summary, it seems that once again we cannot find a solution that reconciles the free will of the owners, the needs of the residents, and the continued development of tourist rentals, which has rightly become the main economic sector of the islands and is unlikely to fade away.
So the Vivienda Vacaciònal will always remain a safe and guaranteed investment.

May 19, 2023 Daniele Piccoli No Comments Real Estate Investments

BUYING REAL ESTATE OR INVESTING?

BUYING OR INVESTING IN THE REAL ESTATE MARKET IN GRAN CANARIA THE DIFFERENCE IS RELEVANT 

When I interface with people who contact me for information about the real estate market on the island of Gran Canaria, the first question I ask them is: do you buy for personal use or for investment?

For many the question may seem strange because a real estate purchase is often confused with a real estate investment, but the two differ and not a little!

If I buy a property and block a certain amount for this transaction and then use the house for myself, for my family, for my vacation, etc., I have not made an investment, I have made a purchase; it is different if I buy a property so that it generates income for me and does not remain a blocked amount that only generates expenses for me even though I use it.

This difference is not grasped even by “improvised or handyman” real estate agents because they don’t care if the person who comes to their office wants to buy to live there, to rent long term, for own vacation or for short rent….they only care about getting the commission…and everything else who cares!

This is why I tend to distinguish myself from the mass of agents real estate and indeed I do not identify with them at all, I call myself more of a Property Finder, a person who searches for properties suitable for the use that the potential buyer wants to make of it and not necessarily what I have available even if I do not think it is suitable for the use, or any property, in any area as long as it pays!

If in fact you want to buy to live then you will opt for residential areas, convenient to services, that do not have disproportionate prices per square meter having to be large enough anyway (unless you want to live in a hole) and not necessarily in financially liquid areas, avoiding purely tourist areas all the more so today in light of the events known to all that have led to fines being levied against those who reside in tourist areas and in complexes dedicated to tourism.

If, on the other hand, one wants to buy to rent long term therefore with a “secure” income ( having luck that the tenant pays) and without particular constraints regarding licenses, permits and local laws regarding tourist rentals, then one will have to opt for areas where there is demand for long term rentals and an excellent investment-return ratio, so I will avoid proposing 40 sqm holes at 180,000 euros because I will hardly rent at a high price and I will hardly get to amortize my investment in a short time. Instead, I will propose properties in Las Palmas, in Vecindario, Arinaga, Telde, etc., where the residency is high .

A note on Las Palmas: the city of Las Palmas as beautiful as it is and which I personally adore, attracts a “middle-poor” tourist, hardly in fact the Nordic, Finnish, Swedish, German etc.. with ample economic possibilities would rent for two months a property in the North where in winter the climate is quite different from the South…I would settle for young people, students, middle-aged couples, etc., who maybe stay in the North and then move by rental car to the beaches but my income will surely be lower without considering that in this period prices in Las Palmas are very high for properties of dubious value.

On the other hand, if finally, and this is my area of focus, you want to buy as an investment for the business of short term rentals, thus receiving tourists in your property with short-term vacation stays, I will have to necessarily search for a property in liquid and in-demand areas such as Puerto Rico, Campo Internacional, San Agustin, Playa del Inglès, avoiding Vecindario, Arinaga and vicinity where hardly the tourist of medium-high target would stay being purely in search of beaches and nightlife!

After all, if you buy and then entrust me with the management for short rent of your property, we have one interest in common : that the property yields! otherwise my work would be useless, you don’t earn you and reflexively I don’t earn!

But by liquid zones I mean areas where not just young or middle-aged people go but northern retirees who flee the cold and sky-high gas prices and stay here for one to three months spending exorbitant amounts of money for us but which for them is the norm or is less than they would spend staying at home in the freezing cold!

So to conclude, it is not enough to be a real estate agent to sell real estate the right way and it is not enough to want to buy a property on the island because I hear the islands are beautiful, you need to work with preparation and conscientiousness in your field and you need to Rely on SOMEONE COMPETENT who is not just aiming for the commission but has an interest in your investment being in line with your needs and being a good investment that will not make you regret choosing Gran Canaria to place your life savings and sweats! 

In one article I read that it must be the prospective buyer who has to do the math on the annuity ….!!!?? but what does a person who lives elsewhere and maybe is a lawyer, engineer, charcuterie maker or any other job know about the annuities that real estate generates here, liquid areas, etc.? YOU NEED TO TRUST but do it the right way to avoid shenanigans.

What does a person who doesn’t do this work, OR DOESN’T DO IT IN A SERIOUS WAY, know about Explotación Turistica, about VPOs, about Complexes with debts or Healthy Complexes, about good. or bad Comunidad, about good or bad Complexes even if placed 100 meters from each other….no property is the same as another and you cannot know its profitability unless you are an industry specialist with specific experience in the short rental business and not a guru handyman who sells everything to everyone like “Amazon” as unfortunately there are many here on the island!

In short you have to live here and operate here for years if you really want to sell in a conscientious way and propose a great service and safe from risk …then everyone of his money does what he wants but I have told you mine!


May 15, 2023 Daniele Piccoli No Comments Real Estate Investments

INVESTING IN THE CANARY ISLANDS

In recent years, the Canary Islands have become a focus for thousands of Italian real estate investors looking for profitable opportunities. But why is investing in the Canary Islands so worthwhile? First of all, their proximity to Italy is a strong point, allowing investors to reach these islands in only a 4-hour flight. This proximity offers unique peace of mind to investors, as they can easily address any problems or needs that require their presence. Just think if you had purchased a property in the Caribbean and suddenly your presence was urgently required! Investing in the Canary Islands eliminates such worries by offering a convenient solution for real estate investment.

A crucial aspect to consider is safety: the islands offer an incredibly low crime rate, one of the lowest globally. This characteristic creates an atmosphere of serenity and tranquility that comes close to few other European destinations, providing residents and tourists with an unparalleled sense of security.

Last but not least, the climate of the Canary Islands is a key factor. Enjoying year-round sunshine, with light rainfall mainly concentrated in the northern areas and almost absent in the southern tourist areas, these islands offer ideal climatic conditions. Temperatures rarely fall below 18 degrees Celsius during the 12 months, reaching highs of 40 degrees Celsius during the summer. Thanks to this wonderful and pleasant climate, along with long golden beaches, fascinating mountain scenery, safety and affordable prices, the Canary Islands have become a destination of choice for thousands of tourists, especially from northern Europe. And where there is an influx of tourists, there is also a vibrant short-rental business. Therefore, real estate investors choose to purchase one or more properties in the Canaries to devote to tourist rentals.

“Renting an apartment in the Canary Islands to tourists offers numerous financial advantages. This form of investment ensures a continuous and profitable flow, protecting your funds from banking instabilities and financial market fluctuations. In addition, it is an opportunity to have an ideal vacation home or guesthouse for you and your family.

Investing in the short-term rental sector has many advantages over long-term rentals, especially in terms of payment security and control of the property. This choice gives you greater financial peace of mind and guaranteed returns over time.”

“Payment security is a key issue in apartments dedicated to short-term rentals for business purposes. In fact, only guests who make prepayment for their stay can enter such apartments and receive keys. This system provides owners with protection from possible non-payment, an unfortunately frequent situation in the long-term rental market that often results in legal proceedings to evict defaulting tenants. Tourist rental, on the other hand, offers a solution to all these problems: the contract is based on well-defined check-in and check-out dates and requires payment in advance.”

“In terms of control of the property, short-term rental does not imply a loss of control for the owner. In fact, the owner can continue to use the property and, when available, can also make improvements, monitor any issues, and maintain complete ownership without giving it up, unlike with long-term rentals. If you want to invest in a safe and risk-free business, short rentals in the Canary Islands are a great choice!”

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    May 12, 2023 Daniele Piccoli No Comments Short Term Rentals/Tourist Rentals, vivienda vacacional

    MANAGEMENT VIVIENDA VACACIONAL

    Running a vacation rental in Gran Canaria: Tips for a successful experience

    Gran Canaria is one of the most popular tourist destinations in the world, with its combination of beautiful beaches, temperate climate and cultural richness. If you own a property on the island and have decided to run it as a vivienda vacacional (vacation home), you are on the right track to take advantage of the potential of the tourism market. In this article, we will explore some key tips to help you successfully manage your vivienda vacacional in Gran Canaria.

    1. Comply with regulations: First of all, it is essential to understand the local regulations regarding the management of vacation rentals in Gran Canaria. Be sure to register your property with the proper authorities and obtain all necessary licenses. Complying with the law is essential to avoid penalties and to ensure the safety and satisfaction of your guests.
    2. Prepare your property: To attract guests and get positive reviews, it is important that your vivienda vacacional is cozy and well equipped. Be sure to offer comfortable beds, a clean environment, and all essential appliances. Also provide extra amenities such as free Wi-Fi, cable TV, a washing machine, and a fully equipped kitchen. Consider adding little details like a local guide or tips on places to visit to make your guests’ experience even more enjoyable.
    3. Develop a marketing strategy: To be successful in running a vivienda vacacional in Gran Canaria, you must actively promote your property. Create an eye-catching listing on popular online booking platforms such as Airbnb, Booking.com or VRBO. Use high-quality photos to best showcase your vacation rental and describe its unique features. Also, take advantage of social media and digital marketing platforms to reach a wider audience.
    4. Provide a hospitable experience: As a vivienda vacacional owner, you need to make sure your guests feel welcome and supported during their stay. Respond promptly to their questions and requests, provide useful information about the area and what to do during their visit to Gran Canaria. You may also consider partnering with professional hospitality services to ensure a smooth experience for your guests.
    5. Maintain high standards: The cleanliness and maintenance of your vivienda vacacional are critical to getting positive reviews and retaining your guests’ loyalty. Be sure to thoroughly clean the property between guests and promptly address any maintenance issues.

    CLICK HERE AND FIND OUT HOW TO GET A VIVIENDA VACACIONAL LICENSE

    May 11, 2023 Daniele Piccoli No Comments Short Term Rentals/Tourist Rentals

    SUBLETTING PROPERTIES TO TOURISTS IN GRAN CANARIA

    Learn about the rules and permits required to sublet property to tourists in Gran Canaria. Knowing the fees and responsibilities can help you make informed decisions about the short-term rental business.

    Before starting this activity, it is important to know the rules, the required permits and the fiscal responsibilities involved. During a visit to the Las Palmas Tourism Office, I looked for information about this and want to share with you what I found out.

    First, you can sublet a property to tourists if you are the tenant and have a regular lease. However, it is essential to obtain permission from the property owner to carry out this activity. Make sure that the authorization is included in the lease or in an Anexo thereof.

    Per second thing you have to apply for the Vivienda Vacaciònal License. Don’t know what it is? Don’t know where to apply for it? Click on the link

    When it comes to taxes, tax responsibilities vary depending on the type of rental. If you are subletting the property to tourists for short periods, the taxes on the income will be your responsibility as the tenant holding the license. On the other hand, if the rental is long-term (broad or medium temporada), the payment of taxes will be the responsibility of the property owner. Click on the link and find out the taxes you will have to pay in case of Introiti from short rent in Gran Canaria (Mod.030-400-210-420-425)

    Although it sounds like a simple solution, in reality it can be difficult to find owners willing to allow this type of activity within their properties. They often prefer to avoid potential problems and would not reap additional financial benefits.

    If you really want to invest in the short-term rental business, it may be worthwhile to purchase a property specifically dedicated to this activity. This way, you can run it profitably and legally, enjoying total freedom without having to account to third parties.

    Investing in short-term rentals can be a lucrative opportunity, but it is essential to be informed about the local regulations, permits, and tax responsibilities involved. Before taking any action, be sure to consult the appropriate authorities and obtain the necessary permits to avoid future legal problems.

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