Ibiza's average rent hits €1,978 as cap plan fails
Ibiza, in the Balearic Islands, saw average rent reach €1,978 a month in 2025, according to the Socialist Party (PSOE): its proposal to limit rents has now been rejected. On Friday, 13 November, PSOE spokesperson Elena López pressed the Ibiza Island Council to act on housing costs and property speculation. The People's Party (PP) and Vox backed help for small landlords, but voted down proposals to curb rents and bring empty homes onto the market, the PSOE said.
López said average monthly rent had risen from €1,184 in 2022 — an increase of 67.1%. She said the rise was putting pressure on family budgets.
A state housing law in force since 2023 allows authorities to designate areas under housing pressure and limit rents there. López accused the PP of refusing to use that option for political reasons.
The council did back aid for small landlords who offer homes at affordable rents on long-term leases, according to the PSOE. López also challenged the PP's claims about public housing and land for the Balearic Housing Institute, saying it had opposed a local plan it now links to affordable homes.
Source: Europa Press / Mallorca.com