Mileurista is a familiar term in Spanish. Basically, it means that you earn 1,000 euros a month, almost the average Spanish wage. It’s not a lot of money and Spanish wages have fallen since the start of the recession and millions of other people are earning even less than 1,000 euros. But this is the average wage overall. Taking this into account, look at the price of a rental family property in Palma. In many cases it is around 1,000 euros. So how are Spanish families meant to survive when one salary basically equals the rent? This is the downside of the holiday rental saga.

Spanish families can no longer afford to pay the rent because property owners are making a small fortune out of renting out their property to tourists. This was a trend which happened a few years ago. It started on a small scale and then all of a sudden every Majorcan who owned a property appeared to be moving out and living elsewhere so that they could cash on the rental boom. As a direct result rents have rocketed. The local authorities are well aware of this state of affairs. In fact, they do see the positive sides of holiday rentals. Property owners can make money and the local economy benefits. In rural areas it has made a big difference. Villages, a long way from the resorts, have all of a sudden become small "players" within the tourist industry. The arrival of a group of tourists every week can make a big difference to the economy of a village.

But the downside is that many are now struggling to find a long-term rental home. The local government is right. There needs to be a crackdown but it could come at a cost.


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Richard Pearson / Hace about 1 year

I am not an economist, but just a simple fellow who, after reading between the newspaper lines and sniffing the air, believe that those of you who thinks Europe and U.K. are booming are confounding quantity for quality and should look more deeply at the foundations on which the whole structure has, so far, been built.


TG / Hace about 1 year

Fiona is right about Europe boomin. The UK unemployment at all time low, inflation negligible, steady government and an optimistic economic forecast. Been a lot worse.


Fiona / Hace about 1 year

Nothing built for the last ten years. Europe is booming, people are wealthier, more Europeans are choosing to move permanently to Mallorca, population increasing. Natural growth. Anti tourist rental is pushing holiday makers to rent their own long term properties. Long term rents will continue to rise, they have only reverted back to the 2006 pre-recession rentals. Tenants had it great during the recession as rents fell by 50%.


Mike ( Belgium ) / Hace about 1 year

Correct James and they keep putting their heads into the sand at a certain time they will not found workers as they cannot get a home and it will collapse .We know flats can be rented for 400 to 500 ebetween November and march and then they raise the price upto 1500 € monthly in the pek season when you need the most of the workers.


Henry James / Hace about 1 year

This is another of the half dozen or so topics that you continually run throughout the year,both for and against but the main problem is not apartments that are rented out to tourists,it's the fact that not enough affordable homes have been built on Majorca.