In a country where the minimum wage is 580€ per month, the price seems to be the biggest obstacle when it comes to renting or buying a property. Although banks are lending again, they are considerably more cautious than they were before the recession.
Due to the current tourism boom, more and more property owners are changing from long to short term rentals, especially in the most popular areas, making it more and more difficult to find a place to live for those who cannot afford to buy. At the same time, a diminishing number of long term rental properties is causing an increase of the rent. Continue reading