Palma rents could rise 2% in final quarter, AI says
Responsible for this content: Frank Menze
Palma, Mallorca, could see rents climb 2% in the final quarter of the year compared with the same period last year, according to an artificial intelligence forecast. Property platform Fotocasa released the forecast on Thursday, 22 October. It describes the projected rise as moderate.
Fotocasa’s model predicts rent increases in 25 provincial capitals. Its research director and spokesperson, María Matos, says Sevilla, Zamora and Teruel could see sharper rises than Palma.
The forecast points the other way in Castellón de la Plana, Soria and Pamplona, where it expects the steepest falls in the final quarter.
Source: Europa Press / Mallorca.com