Judges endorse process to expropriate vacant apartments
The Government's measure aims to expand the housing stock in the Balearic Islands with novel proposals that are not applied in other autonomous regions. | Jaume Morey
Palma25/01/2022 09:05
The Government has obtained the endorsement of the High Court of Justice of the Balearic Islands to continue with the process of expropriation of empty apartments belonging to banks and investment funds in the Balearic Islands. Property that’s been empty for two years can be expropriated by the Government for a period of seven years. The temporary use transfer, which is included in the Balearic Housing Law, was approved in 2018 and allows for flats to be removed from the market and rented to those in need for a maximum 30% of their income.
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Have to say after reading this article I was Sad and a bit in shock as the reality is that this is very close to communism and a lot of people think that it will be great to get something for free and live there for a while until nothing works and the whole house becomes a Run down Favela this is not good for Palma and is very bad for all the people who live in a building where these apartments are and I feel for all the people who have worked hard to make payments to banks to pay off there loans and now this , this is a political Agenda designed to get votes but good for the overall health of the society is it Not !
So legal squatting is good as long as a state agent kicks your door in. Squatting by individuals on low or no incomes is illegal and unacceptable according to the Balearic administration. A strange parallel universe exists in Balearics at times. A one investment community will keep well away from.