Banks and investment funds have started selling their empty apartments in the Balearic Islands so that they don’t have to give them to the Government for 7 years, as required under the Housing Law.
Banks & Investment Funds selling off property in Mallorca
Empty properties on Palma register down from 1,400 to 779
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"...[A]according to Robsy, who explains that they have to be appraised first, which is difficult to do during the pandemic." The excuse is rubbish. There is no public health risk in having a qualified individual examine an un occupied flat. The pandemic is being used as a cure-all excuse for not doing the job.