Official data have now been released by the Ministry of Social Rights, Consumer Affairs and Agenda 2030 on how many tenants will be affected by rent increases linked to the renewal of contracts in 2026. Nationwide, the ministry estimates that 632,000 tenants will be affected (impacting 1.6 million people living in those homes), of whom 24,500 are in the Balearic Islands, affecting 69,210 residents.
These tenants signed their rental contracts in 2021, at the start of the post-Covid de-escalation period. As those contracts reach the five-year limit established under Spain’s Urban Leases Law, landlords will be able to renew them at updated market prices.
According to the ministry’s data, reported by El País, the 24,500 rental contracts due for renewal in the Balearic archipelago in 2026 will rise by an average of €383 per month, equivalent to just over €4,600 per year. This is a sharp increase that many families living in rented accommodation will struggle to absorb.
Across Spain as a whole, the average annual increase will be €1,735. In the Balearic Islands, however, the rise will be more than double the national average. In Valencia, for example, the expected increase is €2,700 per year; in the Canary Islands, €2,267; in Madrid, €2,042; and in Andalusia and Cantabria, around €1,900.
Més warns of the impact
For its part, Més per Mallorca has warned of the consequences this situation could have for island residents during the parliamentary session held this morning.
“The renewal of rental contracts at market prices will mean paying €4,615 more per family. It is an unaffordable increase for ordinary people, for the people who live here, as you like to say”, stressed the eco-sovereigntist party’s spokesperson, Lluís Apesteguia, in a direct reference to the Government’s spokesperson, Antoni Costa. The government representative did not address this issue in his reply.