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
Sustainable architecture and affordable housing funded through sustainable tourism tax
Mallorca
2.850.047 €
Status: Executed
The plan will boost the supply of social rentals in an area of high residential demand
Mallorca
974.667 €
Status: Executed
Sustainable housing development spreads across Mallorca and Menorca
Mallorca, Menorca
13.151.862 €
Status: In execution