The island of Ibiza is experiencing a severe shortage of accommodation this year, as workers cannot find a place to rent due to a lack of short term rentals. While the average 1 bedroom apartment annual rent is roughly €600 to €800 a month, a 6 month summer lease, attracts an extra premium of about 30% to compensate the owner for the apartment being empty off season. What seems to have happened this year, is that locals working all year round and living on the island, have rented out the short term stock on a yearly lease, depleting the worker rentals available in summer.
What was available short term, has been snapped up by the workers who arrived in March, and with the traditional deluge of seasonal staff expected to descend on the island later this month, an accommodation crisis looms. Already local newspapers are reporting shared accommodation being offered on a balcony mattress for €500 per month and rooms with 8 people sharing bunk beds, at €50 each per night in August. Employers are emphasising in interviews, that they will only consider applicants with their own accommodation and the blog would advise anybody intending to travel to Ibiza looking for work this year, to arrange accommodation before they travel, as there is a developing crisis on the ground.
The island will most likely respond to the situation but not in the short term, so it may be next season before the situation is managed and derelict accommodation becomes available to the market, if and when developers move in to invest. Ibiza looks set for one of its busiest seasons in decades, as political unease in Turkey and Egypt, combined with the refugee crisis in Greece, has tempered tourists interest in those destinations in favor of the Balearic islands, with many hotels in Ibiza already booked out for July and August. Tourists are also witnessing hikes in air fares on commercial routes from Europe, as Ibiza airport increases its service fees to cope with demand this season, especially in the private jet area. For people considering holidaying in Ibiza this summer, the blog would advise the charter and package route, especially for families and those not already booked.