According to the Proinba association of property developers, there was a 25% decrease in the number of new homes built in Majorca last year. In 2016, there were 1,318; in 2017 the number was 988. Luis Martí, the president of Proinba, says that this decrease was despite the fact that there was an increase in the number of building licences that were requested. He therefore attributes the drop to "long delays" in the processing of licences: this can take on average a year but can in fact lead to delays of up to four years.
Property
Fall in the number of new homes in Majorca
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New build homes shortage - due to demand for rental, prices of rental flats will continue to boom