wiggydiggy
Legendary Member
Well I just checked a few places in Mallorca, which has a very strong cycling culture, with multiple competing bike hire prices, and the cheapest I could find any decent road bike was about the same as the OP here. Most were a fair bit more.
I'm hopefully off to Malta later this year, when I visited Cyprus last year we didn't manage any but I'm going to look again for this years holiday to try and get some in.