Rental property is hard to find in Llucmajor.

16-06-2017

Llucmajor, Majorca's largest municipality in terms of area, has more or less run out of places to rent. The shortage of houses and flats to rent was clear at the start of the year, but now it is a major problem for anyone looking for normal residential lets.

A key reason for this situation is the number of properties which have been turned over to tourist rental. A further one is the general lack of residential rental accommodation elsewhere. Whereas tenants would once have moved to other municipalities in order to find somewhere better or cheaper (or because of work), they are now staying put if they have agreements which give them stability.

A direct consequence is that the cost to rent has gone up, with demand vastly outstripping supply. Moreover, Llucmajor is an attractive place to live because of the proximity to Palma, meaning that people in the capital, who can't find somewhere to live there, are looking at Llucmajor. Unfortunately, there is very little accommodation available.

Estate agents have 30 to 40 people registered with them who are wanting somewhere to rent. Meanwhile, Airbnb and HomeAway have dozens of properties available.

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lennart bjolgerud / Hace over 4 years

The paradox is that Mallorca is full of vacant houses, often in need of refurbishment. I think the government need to incentivise owners of this low quality housing stock to do them up and rent them out on long lets and perhaps to young people. if done, villages and towns would also start to look smarter. For owners,if government offered subsidised loans in return for long term rentals, it would be a win win as their properties would generate a return.

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