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New homes in the Balearics a fifth of what they were 20 years ago
The financial crisis led to a focus on "high-income housing".
Andrew Ede16/02/2025 17:09 The slump in available housing in the Balearics
Since 2012, the available housing stock has fallen by getting on for 10,000 properties.
Housing law makes access to affordable homes in Mallorca difficult
The law needs to be repealed in order to increase the supply of housing and to make it more affordable.
Why does it take so long to build new homes in Mallorca?
In addition to the bureaucracy, there is a shortage of construction personnel.
Mallorca's housing crisis "will only be solved when no one wants to come as a tourist or come and live here"
The latest estimate is that property prices in the Balearics will rise 8% by the end of the year.
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