Renting off the radar

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IT is possible than more than half of Torrevieja’s 160,000 homes are being rented out as tourist accommodation but only a fraction of these are legally registered with the authorities.

The business generates around €11 million a year, according to a report from Alicante university – with most of the revenue not declared to the taxman.

Full story in next Friday’s Costa Blanca News (south and Murcia edition)

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