Housing shortage in Mallorca leading to illegal conversions
Conversion of commercial premises has to meet habitability requirements.
Developers attack lack of "decisive political action" to solve housing problems
"All developable land with the possibility of building affordable housing has been removed."
14,000 affordable new homes in the Balearics
Agreement to increase the appraised value of protected homes has allowed building to go ahead.
Mallorca's housing - what are the solutions?
A summit at which politicians made their pitches and experts provided their expert opinion.
Increase tax rather than ban non-resident home-buying in the Balearics
A suggestion by the BBVA bank; and it could help with affordable housing.
Luxury apartments in what was a clinic for treating addictions
The developer is also actively seeking plots to build affordable housing.
Foreign demand only a part of Mallorca's housing problems
The main reason for a lack of affordable housing is that "it is impossible" to build it at the required prices.
The vast difference in Mallorca's property prices
Prices in Petra are among the lowest in Mallorca.
Government to increase the price of VPO affordable housing
Land is designated for VPO building, but the current sales price is not sufficient enough incentive for developers and builders.
Mallorca's housing crisis "will only be solved when no one wants to come as a tourist or come and live here"
The latest estimate is that property prices in the Balearics will rise 8% by the end of the year.
The Balearics, the region of Spain with the lowest sales of subsidised housing
Just 17 VPO homes were sold between June 2023 and June 2024.
One in three foreign property owners in the Balearics are residents
The European Union has already told us that these limitations on non-residents can only be temporary.
- Ryanair to base 16 aircraft at Palma airport this summer, an investment of $1.6 billion and supporting 7,000 jobs
- Police tackle crime wave in top Mallorca resort
- Residents furious in Palma NO-GO area
- Mallorca has the “third best beach in Europe”
- Mallorca set to welcome back young British seasonal workers
Comment
Don’t pick on the foreigners!
Let’s not pretend all those second homes are owned by wealthy foreigners here for their “holibobs.”
Vicki McLeod06/09/2024 11:44