1,900 euros per month is not a typical price for renting a room in Palma, but there is at least one example.
Crazy prices for renting a room in Palma
Subletting is becoming a way of life
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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.