According to experts at the Spanish tax ministry (Gestha) around 36.800 properties are being rented in the province of Malaga, and are not declaring it to the taxman!!! According to these same experts this amounts to an income of 65.3 million euros a year. Still further around 73.6% of all rentals in the region of Andalucía or around 184.000 properties escape the taxman.
Many potential buyer’s of property on the Costa del Sol buy with the idea of renting. Either they are intending to have a buy to let, or simply wish to rent the property for the months they are not using it to mitigate some of their costs.
Many buyers though are not familiar with some of the potential pitfalls of renting out their property. Although the laws vary slightly depending on where you are in Spain, below you will find a general guide to rentals on the Costa del Sol.
