Expats could be hit by rental law

NEW LAWS: Higher rates for holiday lets.

HUNDREDS of thousands of Britons with holiday homes in the Valencia and Murcia Regions could have to pay for a license in order to rent them out.

New laws set to be passed could also add hundreds of pounds to the cost of breaks for travellers from Britain as they will no longer be able to pay cheaper rates direct to owners but will have to stay in apartments, villas or hotels operated by major firms. It comes as the authorities are expected to ban unlicensed rentals by next Spring.

Until recently it has been relatively simple for British property owners to rent out their home. But now, under the new rules, those with second homes they want to rent will need to have a license from their local council, which is expected to incur a fee.  

Some are worried if the law comes in to force, owners who rely on renting their property, could be forced to sell up as the changes will make it too complicated and costly to keep the property going.

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