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17 million euros in fines for banks and funds that breached Balearic housing law
The fines related to the attempted sale of government-protected affordable housing.
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The current Balearic government is expected to include this form of expropriation in new housing legislation.
Government to increase the price of VPO affordable housing
Land is designated for VPO building, but the current sales price is not sufficient enough incentive for developers and builders.