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Price of Mallorca homes 55% higher than five years ago
New medium-priced homes are badly needed, but house building has hit rock bottom.
Andrew Ede15/01/2024 09:12 Tourism and second homes are "expelling" Mallorca's residents
Land and housing are subject to speculation because of tourism.
Almost a third of Balearic homes are not main residences
Half of the homes not used as main residences are unoccupied.
Balearic government housing decree - "It's not going to solve the housing problem"
The response of the real-estate sector is generally positive, but it doesn't anticipate an "avalanche" of projects.
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