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Rents predicted to rise in Mallorca as mortgage costs increase
A Balearic government mortgage guarantee scheme for first-time buyers is only for properties valued up to 270,000 euros.
Andrew Ede23/10/2022 18:18 It takes longer to pay off the mortgage in the Balearics than anywhere else in Spain
Access to housing for the average family is "impossible".
Renting in Mallorca is more expensive than Madrid
Renting in Madrid or Barcelona is cheaper than in Bendinat, Illetas and Portals, not to mention Formentera and most of Ibiza.
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