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
12:24
A Russian influence operation has shifted its target towards France and Germany as Europe has increased support for Ukraine.
12:22
The Commission is preparing for September the EU reform ahead of the next enlargement: fewer vetoes and guarantees against future members who violate the values of the Union.
12:19
Romania had the highest increase in fuel prices in the EU in July, with 24.2% year-on-year.
12:11
Craiova will build a cogeneration plant worth 235 million euros, which will provide heating for 53,000 homes.
12:04
Claudiu Năsui will be the Minister of Economy in the government of the Republic of Moldova: I am happy to take on the mission
See more news