Your seven days news round-up in Mallorca
These are the stories that made the headlines this week.
Room rental increases as full flat affordability diminishes
The average room rental price in Calvia is 579 euros.
Balearic properties are the most expensive in Spain
Prices are higher than in Madrid and Catalonia.
Balearics leads foreign property market
Up to October this year, a total of 3,337 property transactions were carried out on the islands.
It is unlikely that house prices will fall this year.
It is unlikely that house prices will fall this year.
62% of home buyers in the Balearics are foreigners
British buyers continued to make up the largest proportion of overseas property spending in the country in 2022.
Palma facing a serious housing problem.
Palma facing a serious housing problem.
Spain's new housing law. Six facts you need to know
"Landlords may benefit from tax incentives, such as deductions on rental income..."
Non-resident Britons face limits on buying a home in Mallorca again
“Access to decent housing at an affordable price is one of the main problems we have in the Balearics."
Plan for social housing in tourist resorts
Since the 1990s, there has been a plan to keep tourist and residential development separate.
Deya approves scheme for renting homes
Owners will assign properties to the town hall for an initial four-year period.
Housing development in Cala Romantica, Manacor, Mallorca
A development in Cala Romantica that was halted for more than ten years.
Future developments in Mallorca cannot have detached houses
Opposition say there is no solution to the housing shortage.
Banks selling empty properties rather than letting the government have them
Under half the registered number of empty properties there were two years ago.
Palma's plan for converting ground-floor premises
Under the new urban plan, conversion will favour affordable housing.
Santa Maria approves development of 300 new homes
Environmentalists Terraferida among those opposed to the developments.
Building site in Mallorca
Projects may have to stop until the situation normalises.
Rising cost of building materials pushing up prices of new houses
The rise in costs over the past six months is equivalent to that for the previous 13 years.
Spanish cabinet approves bill penalising empty homes, rewarding lower rents
The draft legislation also targets the lack of accessible housing.
- Emergency declared on Ryanair flight bound for Palma from Dublin
- British tourists will be “tracked” while on holiday in Mallorca
- Mallorca ambassador Sir Bradley Wiggins has “lost” his Mallorca home
- Mallorca restaurants losing clients, tourists tighten their belts
- Mallorca hotelier - "I wouldn't go to a place where I perceived there to be animosity towards tourists"
Comment
Courage needed for the affordable housing shortage
What do you think is the best solution to this problem?
Andrew Ede06/01/2022 11:21