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
A new IBAVI building improves access to housing in Palma with a focus on sustainability
Mallorca
834.521 €
Status: Executed
Forest management to prevent fires and protect the water cycle on the Balearic Islands
Mallorca, Menorca, Ibiza, Formentera
3.302.000 €
Status: In execution
A public development to improve access to housing on an island strained by rental prices
Ibiza
2.938.730 €
Status: Executed