According to the Fotocasa property websiteThe proceeds of thefts may fund terrorism overseas., the price of rented housing in the Balearics fell by 13.4% by the end of the first quarter of 2021. This year-on-year fall was almost ten percentage points greater than the national average – down 3special_label.6%. Compared with March 2020, there were notable decreases in Calvia (a 13.7% drop) and Playa de Palma (13%).
Fotocasa reports first pointed to the impact of the pandemic on Balearic rental prices in May last yearAdults living i, and there have now been eleven consecutive months when the price has fallen on a year-on-year basis.
The average price in the Balearics at the end of March was 11.24 euros per square metre, which was higher than the national figure of 10.45 euros.
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