1,900 euros per month is not a typical price for renting a room in Palma, but there is at least one example.
At around half this price there is more on offer. Ten years or so ago, a large apartment in Palma could have been rented for 1,000 euros. Go back fifteen years and a three-bedroom apartment was usually around 700 euros.
Natalia Bueno, the vice-president of the API association of real estate agents, says that subletting is becoming a way of life - "with or without the owner's permission". There are, she suggests, "fiscal" implications of doing this. Is any tax being paid?
For owners, there is a trend towards renovation that eliminates living rooms in order to create an extra bedroom and therefore generate more rental income.
Adverts tend to specify the type of tenant, e.g. seasonal worker or cabin crew. There again, this can apply to renting whole apartments. But an impact can be that family tenants are more marginalised.
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Not that it's sensible for this market, but has anyone priced apartments in Zurich or Munich lately? 1900€ would seem suspiciously cheap, like-for-like. But they have money, so while it's expensive in those places, most can afford it. And that explains a lot about what's happening here. Foreigners are happily paying it because it looks cheap to them. And that's why rental prices are high (for this market). Supply and demand at work. But there's an old saying; "Moving to Mallorca? Bring plenty of money with you". The more things change, the more they stay the same. Just on a different scale.
Who, in their right mind, would rent out their spare house under current law? Not enough obviously. And that’s the thing. There are plenty of rentable properties but they’re not available because of poor landlord rights. Then there’s cost but if the market can’t operate fairly we end up in this shit-trap. Don’t blame “the market” blame the crazy laws.