By Humphrey Carter

PALMA
THE Balearics is the most expensive destination in Spain to rent a holiday apartment or villa this summer.
Despite the fact that consumer confidence in Spain has taken a severe knock over the past year and high street spending has declined a great deal as the country tightens its belt, August holiday rental rates in the Balearics remain at a premium.

According to a survey carried out by the rental web site Rentalia.com, the most expensive location in the Balearics to rent a holiday home next month is San Josep in Ibiza.

On average, the cheapest rentals for basic accommodation work out at around 405 euros per person per week while the most expensive are in excess of 4.500 euros per person.

On average, however, holiday rentals in Ibiza and Formentera average out at 311 euros. Minorca is the second most costly destination to rent next month.

In Sant Lluis, holiday rents are in excess of 274 euros per person per week.
Here in Majorca, Calvia is where holiday lets are at their most costly averaging out at a minimum of 221 euros per person, per week.
In fact, the average Balearic holiday rents are 38 percent higher than the national average.
In Malaga and Alicante, two other extremely popular destinations for the domestic Spanish holiday market, average rents are 204 euros per person and Zaragoza rents are also above the national average this summer because the city is hosting the Expo exhibition this year.

In Cadiz on the west coast, for example, the average holiday rental rates are 170 euros per person and in the Canaries, the Balearics biggest domestic competitor, rentals average out at just 161 euros per person, per week.

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