The changed nature of the rentals' market in coastal areas of the north of Majorca has had a knock-on effect on rental accommodation in Inca. With so many apartments having been made available for holiday rental in the resorts, demand has shifted to the town. The result has been a shortage of rental properties and an increase in price from an average of 450 euros to 600 euros a month.
Property
Inca short of rental accommodation
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2 comments
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I apologise for being so negative, but as usual the dole queues will be forming within the next few weeks, and longer this year than ever before. The new rentals laws will not help long term renters because landlords previously renting to tourists will not take the gamble of renting to workers who only have 6 months work maximum. After the first few months the tenants will not be able to afford the rent. Owners will prefer to leave their properties empty. This situation happens all over Europe. The unemployed will stay witheir families where they can, flat share with friends, or as is more often the case - go to the Canaries, Benidorm or the U.K. - while it is still possible!! Knocking up a few blocks of flats is not a quick solution, although in Inca the shoe and leather museum could have made excellent accommodation, if the council had not thought a museum was more useful! I have just seen a scheme in London where shipping containers are stacked 2 high and converted into very chic and trendy dwellings, available at very reasonable rents.
Barcelo will foot the bill ...ha ha