The Balearic Islands tourist rental employers' association is satisfied with the application of a 10% VAT on holiday homes, because it believes that the measure "will further professionalize the sector." The president of Habtur, Antoni Barceló, admits that the new tax may slightly reduce profitability, especially for small owners who directly manage a single home, but considers that the impact will be less negative than it may initially seem. "It is true that you will have to deduct this 10% from the prices already agreed upon, but the measures are aimed at greater professionalization of the sector and that is not bad," he points out.

Prices rose in the Balearic Islands in June by 3.4% compared to the same month last year, above the Spanish average of 3.2%, according to data from the National Statistics Institute (INE). The products that rose the most last June were restaurants and accommodation (7.6%), alcoholic beverages and tobacco (3.9%), and housing (3.5%).