Rents in Ibiza have risen so high that many locals are forced to live in caravans or tents, while others share cramped apartments. Activists accuse landlords of preferring short-term rentals to long-term ones. Nearly 800 people live in makeshift settlements and a one-bedroom apartment costs €1,500, in contrast to the minimum wage of €1,381. The situation has led to a shortage of teachers and medical staff, and local authorities have started to crack down on illegal tenancies, imposing substantial fines.
Sources
Latest News
20:00
Severe floods in Nepal. Ministry of Foreign Affairs: There is no information regarding affected Romanians.
19:45
Hyundai Motor announces the launch of over 100 car models by 2030 and the expansion of its hybrid range in the USA, aiming for an operational profit margin of over 9%.
19:34
Tim Curry, famous for his role in "The Rocky Horror Show", has died.
19:17
Former minister Ciprian Șerban harshly criticizes PNL and USR for rejecting the PSD project regarding severance pay for CFR Marfă employees, affecting over 1500 workers.
18:55
Via Carpatia, a highway of thousands of kilometers that will connect seven countries
See more news