According to property website Fotocasa, the price to rent in the Balearics has risen 66% over the past five years, the highest in the country, with the national average having been 50%. The analysis was from December 2014 to December 2019.
Property
Price to rent in the Balearics has risen 66%
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And wasn't the legislation introduced a few years ago for licensing of all self catering accommodation, supposed to have freed up more housing for locals (therefore driving down rental prices)?!
Pure greed. There should be caps on the percentage increase allowed.