Bar Cristal in Palma's Plaça Espanya closed in summer 2017. One of the city's best-known and most iconic establishments, it had been run by the Ramis family for 62 years, but the rental agreement ran out in August 2017 and rents in Palma were going through the roof. Traditional bars couldn't afford them. Real estate agents reckoned that the Bar Cristal premises could command up to 25,000 euros a month; the Ramis family had been paying between 6,000 and 8,000 a month.
Palma's Bar Cristal to return
The increased rent led to the closure
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Excellent news ,it was missed. It is important to maintain the heritage and character