At a real estate conference in Palma on Friday, the president of the college of real estate agents, Natalia Bueno, said that the rental market in Mallorca is in a similar situation to that for buying and selling. "There's a lot of demand and little supply." Consequently, the cost to rent continues to increase. If tenants once looked for properties for between 700 and 800 euros, they are now increasingly less likely to find them. In Palma, a two to three-bedroom property is rarely available for under 1,000 euros. In other parts of the island, prices can be similar; it depends on the property.
Cost to rent in Mallorca continues to spiral upwards
"Foreigners have higher purchasing power; this makes housing more expensive"
Also in News
- Important information for British travellers arriving at Palma airport from April
- Passengers advised to head to Mallorca airport three hours before flights
- Mallorca restaurant concerns about lack of Easter bookings
- Former England, Newcastle and Liverpool star a winner in Mallorca
- Rafa Nadal expands his property empire
1 comment
To be able to write a comment, you have to be registered and logged in
After reading your artical have to say these rents are very simalar to other city’s that are very popular and attractive to young people actually quite a lot cheaper , there is also electric and water to pay in palma , this is a more complicated subject that is not only about the high rental costs .