Pressure from tourism is partly responsible for rising housing prices in the Balearic Islands, where rent has risen by an average of 22% per year. In response, 42 public housing units have been built in Son Servera, led by the Balearic Government and executed by IBAVI, with funding from sustainable tourism tax.
Development of 42 flats in Son Servera. Mallorca
Mallorca (Son Servera)
Govern de les Illes Balears
Institut Balear de l'Habitatge (IBAVI)
ITS2019-048
7.051.392 €
7.051.392 €
7.588.314 €
2019
Executed
Social welfare
Executed: 107.61%
07.03.2023
Construction of homes to later be awarded as publicly-subsidised rental housing
Mallorca
6.512.951 €
Status: Executed
The Government is building a new subsidised rental building with ocean views in Palma
Mallorca
5.163.434 €
Status: In execution
Construction of homes to later be awarded as publicly-subsidised rental housing
Ibiza
2.938.730 €
Status: Executed