Comment: Paying the rent
Mallorca has been dubbed as the second Monaco
I am told during the summer months in Ibiza that recruiting staff has become a nightmare because rents are so high that relatively lowly-paid staff can´t afford to live there. This state of affairs is now happening on Mallorca with hoteliers now offering their staff cheap housing. It is a trend which will continue in the Balearics and it will not be just rents, you almost have to be a millionaire to buy your own home! The Balearics has been a victim of its own success.
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Even our small village here in the NW of Mallorca has so many vacant town houses. They are either derelict, just vacant but in perfect order or holiday homes, maybe lived in for 2 week a year. I believe the proliferation of derelict houses has something to do with archaic inheritance laws and squabbling relatives.