In Ibiza, a rising trend among companies is to rent housing for seasonal employees, a practice necessitated by the summer’s scarce and pricey rental market. The Petita i Mitjana Empresa d’Ibiza i Formentera (Pimeef) confirms that businesses who adopted this strategy last year have continued despite landlords increasing rents by 10% to 20%, exemplified by a jump from 1,400 euros to 1,700 euros. The high rental costs are pushing some practices to the brink of legality, with issues of non-taxable income and speculative pricing. Pimeef’s president, Alfonso Rojo, highlights the dual benefits of this rental approach: providing employees with stable accommodations and offering landlords security against default and property misuse. This initiative helps maintain fully staffed operations from the start of the season, supporting the local economy despite broader challenges in the housing market. For the full article, please visit Diario de Ibiza website here.