The coronavirus bursts the rent bubble in Ibiza: 50% drops

Rentals in Ibiza are already out of this world.

The island where it was easier to find work than housing has been left without a job and with a lot of houses, whose owners already offer on internet portals with

.

The coronavirus has wiped out the tourist season and the rent bubble.

For several summers the island had been competing for the most unusual rental, balconies at

, vans with a mattress for 4,500.

The seasonal workers take to the fields, to the beach, they looked for land where to sleep in their vehicle and they registered in gyms to take a shower.

A room for a single person in a shared flat was between 800 and 900 euros, according to Sergio Carrasco, lawyer and legal advisor of the platform 'Ibiza, affected by rents'.

Their applicants used to be hospitality workers with salaries between

.

Many of them were forced to resign from their jobs.

The employers refused to hire anyone who did not guarantee that their home was insured.

Portals such as Idealista and Fotocasa now show an unusual Ibiza.

Almost at the same height as the one that the closed macro-discos showed this summer.

A room in a shared apartment with two rooms in the heart of Ibiza, now appears on Idealista

.

From 1,200 euros it has gone to 650. In one of four rooms, in the town of Sant Jordi, from asking 500 euros, it has gone to asking for 300. In the same town, one of five rooms that was rented at 850 euros per bedroom, it has been increased to 550.

Just a year ago, the

concluded that the island had the most expensive rents in Spain, an average of 957 euros per month, at almost 13 euros per square meter.

Ibiza, which had ousted San Sebastián, will hardly keep the first place in the 2020 report.

The teachers assigned to an island were for a time a very precious segment by the owners who wanted to rent out of season, and to leave the apartments free in summer.

The lengthening of the season made it very difficult for them to get reasonable prices.

Right now a teacher can rent

.

The Idealista ads warn of the reduction.

Previously the price was between 1000 and 1,100 euros.

In social networks such as Facebook, the groups in which they were looking for a flat are now looking for a tenant.

There are now two-bedroom apartments for a thousand euros.

And the same happens with the most expensive homes.

This season many took advantage of the closure of the entertainment venues to rent out to celebrate illegal parties.

A chalet in Santa Eulalia, with three rooms and 150 square meters,

A luxury penthouse with a jacuzzi in the center of Ibiza, with two bedrooms and also 150 square meters, is now rented for 1,500 euros per month compared to the 3,000 that were requested just a few months ago.

A villa of 50 square meters that cost 1,675 euros for eleven months, the owner is supposed to be outside the island, is now being offered for 900.

According to the criteria of The Trust Project

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