Property
Residential lets almost impossible to find in Llucmajor
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.
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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.