Rent out your holiday property in Menorca with Engel & Völkers

Are you the owner of a holiday home in Menorca and are considering renting out your property during the summer season? Menorca is a very popular destination for numerous national and international visitors who are looking for the right place to stay on the island, which means that owners who want to spend the summer somewhere different have the possibility to earn a rental income on their island home. The prerequisite for renting out your property is that you have a holiday rental license. In this post by real estate agent Engel & Völkers Menorca, you will learn why renting out your house, villa, or apartment for vacation purposes is worthwhile and how our experts can support you in marketing your property.

Why rent your house out in Menorca? 

Menorca has become increasingly popular as a vacation destination in recent years because the many fantastic qualities of this wonderful Balearic Island, for instance its lovely landscapes, beautiful sandy beaches with crystal-clear water, and the laidback lifestyle, appeal to many, including families with children, couples, or sports enthusiasts. Our agents have observed a growing trend of more and more tourists preferring to rent an authentic holiday property to spend their holidays in rather than staying in a hotel. The reasons for this are that travelers feel more at home in a vacation home and can explore the picturesque villages and highlights of the island near the rental property at their leisure, and still enjoy the comfort they are accustomed to. 

Due to the increasing demand for private properties in Menorca, more and more owners are considering the option of renting out their house, villa, or apartment for a certain period during the high season. Experience has shown that many travelers are willing to pay more for their vacation accommodation than for their primary residence, which is why it is a big plus to earn on your investment. It is important to mention in this context that the income from holiday rentals during the summer months is likely to be higher than the overall income from long-term renting, which is why many owners of houses and apartments in Menorca choose short term holiday letting.

In order to use your property for holiday rentals you will need a tourist license/ holiday rental licence (ETV). In Menorca these licenses have still only been granted to coastal properties in areas such as Cala Morell, Son Bou, and Cala en Porter. In contrast, owners of houses in cities or towns like Mahón and Ciutadella and in the inland areas sucha as Es Mercadal and Alaior cannot not apply for an ETV license to rent out their property. In addition, the property must meet quite a number of certain requirements, for example, the property must have a valid first occupancy certificate (certificado de habitabilidad) and be at least 5 years old.

In a bid to improve sustainable tourism a law passed in 2022 put a halt to the issuing of new ETV licences until 2026. This in turn has resulted in an increase in the value of properties that already have the license. Our agents recommend taking advantage of this opportunity and renting out your house this summer. If you would like to learn more about holdiay rentals, contact real estate agent Engel & Völkers Menorca. We will be happy to give you reliable advice regarding the amount of rental income you might expect and the general rental process.

Holiday rentals in Menorca with real estate agent Engel & Völkers 

You have a license and have decided to rent out your house or apartment for holiday lets in Menorca? Real estate agent Engel & Völkers will help you in all aspects of renting out your property, including advertising the property with professional images, texts in various languages, publication in our exclusive portfolio, targeting exisiting clients and a new audience achieving the maximum reach to bring you clients. We handle all bookings and can offer a variety of extra services as well as providing contact to cleaning, maintenance and gardening companies.

Rely on Engel & Völkers Menorca for the rental of your villa! We have many years experience in renting holiday apartments and houses in the best locations in Menorca. Our team of experts consists of interdisciplinary trained and multilingual real estate agents who have an in-depth knowledge of the local market. And if you are looking to invest in a property for sale with a tourist license, we are your perfect partner.

Want to rent out your holiday property in Menorca and benefit from great rental returns? Then contact real estate agent Engel & Völkers Menorca today!