finance

Ibiza locals living in cars as party island sees rents soar


With a population of just 160,000, Ibiza received close to four million tourists last year, a new record, and 84% of its economic activity is linked to tourism, according to the local government. While its hotels, restaurants and clubs provide plenty of employment, a large portion of its housing is only available at short-term tourist rates, and local workers are priced out of the market.



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