Spain's tourist hotspots facing housing crisis | BBC News

Going to the Spanish island of IA and the rising cost of a place to live there In many parts of Spain, the cost of rent has risen considerably in recent years, but in the

tourist

hotspot of Ibea the increase has been magnified by the influx of foreign visitors and that has left many locals unable to find affordable accommodation and businesses struggling to find vital staff, as Guy Hedco reports IA is gearing up for the summer

tourist

season. Its beaches and resorts have long been a magnet for tourists, but its success has helped create a

housing

crisis

throughout.

Rental costs in the Balearic Islands have risen almost 20% in the last year alone and in EA increases have been even more pronounced. There are several reasons for the sharp increase in rental costs. Higher interest rates and higher costs of living have discouraged people from buying. Tourism is also a big factor last year, 3.7 million people visited Itha and the neighboring island of Formenta, many staying in flats, driving up rental prices and keeping locals out of the market. real estate Cesera is a chef but although she has a job, she has been sleeping in her car for three years, something that many workers on the island now resort to.

The accommodation near Bea is very expensive and is becoming more and more expensive and the cost of rent is completely out of the question. place with what you earn when you have been living in a car for so long there comes a time when you say I can't do this anymore I need a home local activists are demanding that this phenomenon stop problem us What I have is that the Housing of the Island is not being used for the purpose for which it was built, it is being used as a speculative business and for tourism this situation is affecting local businesses, the O Beach nightclub and restaurant is preparing for the high season but is finding staff in AA or other places it is not easy.

I already have friends on the island whose rents have doubled in the last year, so when you look at the workers coming to the island it's a huge factor and it's well known, so I think it will be like that. ultimately affects people coming to the island and getting workers to come to ARA local authorities say the

housing

crisis

is caused by landlords breaking the law by offering their properties for short term rentals the problem is that make much more money renting by the day or by the week than if you rent according to the law which is at least six months and we have many people who now rent illegally offering their properties illegally as the high season approaches the question is whether the success of ia As a tourism destination can be maintained when housing is such a big problem.

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