According to property website Fotocasa, the price to rent in the Balearics has risen 66% over the past five years, the highest in the country, with the national average having been 50%. The analysis was from December 2014 to December 2019.
Property
Price to rent in the Balearics has risen 66%
Also in News
- Spain wants Britons to show they have 113.40 euros, £97, per day for their holidays
- Big changes on the horizon when Britons travel to Mallorca
- Over two hours for Britons to get through Palma airport queues
- Palma Airport passport control "collapse" put down to unscheduled flights
- Living in a motorhome in Palma: "It'll only get worse"
2 comments
To be able to write a comment, you have to be registered and logged in
And wasn't the legislation introduced a few years ago for licensing of all self catering accommodation, supposed to have freed up more housing for locals (therefore driving down rental prices)?!
Pure greed. There should be caps on the percentage increase allowed.