CARLOS Pérez-Lanzac, points out that the renting out of a holiday apartment may not be as easy as people think. A lot of documentation needs to be prepared, reforms, decoration plans and a heavy load of paperwork. A strong investment is needed at the beginning and, together with the tax burden, having it in the market is not so profitable, so the owners reconvert them so that they are long term. Thus, the homes are written off. “Registration is slowed down,” he says. “The pace has dropped a lot,” he adds. That, in itself, is not bad but indicates that amateur investors are leaving the market.