Holiday rental properties are being offered to the residential market.
According to property website pisos.com, the price of rented accommodation in the Balearics fell by 1.8% in January compared with the same month in 2020. Despite this, only Madrid had a higher average price to rent than the Balearics. The average in the Balearics was 1,331 euros per month. In Madrid it was 1,606 euros and in Catalonia 1,267 euros.