Spanish cabinet approves bill penalising empty homes, rewarding lower rents
The draft legislation also targets the lack of accessible housing.
Spain to more than halve subsidy for firms specialised in letting property
"This general budget will help all young Spaniards realise their life projects."
Home building in Palma, Mallorca
New homes are being built, but they are mostly for the high end of the market.
Developers highlighting the lack of affordable housing in Palma
It's a familiar story; the town hall is meanwhile wanting more public housing.
Flats for sale in Mallorca
Empty properties for temporary urgent need.
Network of temporary flats for people with urgent housing needs
Empty flats have been acquired from large property owners.
Balearic government expropriation of apartments "a gimmick"
The government's housing policy will have the opposite effect to that which is intended.
Apartments in Palma, Mallorca
Twenty-seven of the apartments are in Mallorca.
Expropriation of apartments could result in lower rents
The Balearic government will expropriate 56 apartments belonging to banks and real-estate firms.
Palma demanding legal means to regulate rents
The Spanish government is being urged to allow town halls to limit the cost to rent.
Home building in Mallorca
The luxury end of the market has been unaffected.
Rents will rise in the Balearics as a result of runaway inflation.
Rents will rise in the Balearics as a result of runaway inflation.
Luxury property market in the Balearics "in decline"
But the market more generally is being characterised by "luxury prices".
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.
Leaving for the mainland: The Mallorca residents who can no longer afford the island
Removals firms point to an exodus of people from Mallorca. They are leaving because of the price of housing.
The Mallorca municipality where house prices have increased the most
According to Fotocasa, the price of second-hand homes in the Balearics has risen 16.7% over the past year.
Your seven days news round-up in Mallorca
July slump in UK tourism, luxury tourism, high prices, holiday rentals, hotel prices, rave in a cave, leaving Mallorca...
Balearic government housing agency cuts its number of squatters
Private owners who face the same problem don't have the same options as the government.
Week In Review
Your seven days news round-up in Mallorca
Public transport, housing, tourism protests, recreational boating...
- Britons cash in on the outgoing Golden Visa in Spain to beat the 90 day rule
- After a holiday in Mallorca Richard Gere moves to Spain
- Laura Hamilton: “I’ve always loved Mallorca, I just wished I’d bought here earlier...”
- Take a look at what's on offer in our Classifieds this week!
- The 90 day rule does have some positive results in Spain!
Comment
The price-containing housing minister
“We must be very careful with any limitation of the free market and competition.”
Andrew Ede30/08/2024 11:28