A key aspect of housing legislation that the Balearic government has wished to see introduced concerns the capping of rents in so-called stressed areas. Much of the Balearics could be categorised as stressed, but this would depend on the definition of stressed and the equation used. It is determined by average incomes in a given area and average percentages of income that are dedicated to paying rents. Exact formulas haven't as yet been agreed.
Balearics acceptance that rent caps will have to wait for the next government
Housing - the main problem faced by citizens in the Balearics
Also in News
- 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...”
- Russian-owned Black Pearl in Mallorca
- Noel Gallagher sold his Ibiza home because of his neighbour - James Blunt
No comments
To be able to write a comment, you have to be registered and logged in
Currently there are no comments.