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.
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.
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.
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