Development of 5 publicly-subsidised homes at number 12 Calle Posada de Monserrat, Palma

Construction of homes to later be awarded as publicly-subsidised rental housing

What does it consist of?

The objective of this project is to develop and build 5 publicly-subsidised homes at number 12, Calle Posada de Monserrat, in Palma, in order to deal with this island’s shortage of rental housing.

DOWNLOAD ITS PDF

Data

PROJECT TITLE IN THE CALL
Development of 5 publicly-subsidised homes at number 12 Calle Posada de Monserrat, Palma
LOCATION
Mallorca (Palma de Mallorca)
Entity submitting the PROJECT
Govern de les Illes Balears
Entity that executes the project
Conselleria de Mobilitat i Habitatge
Project code
ITS2018-092
Total project amount
903.865 €
ITS granted amount
903.865 €
Executed amount
903.865 €
Call year
2018
Execution status
Executed
Purpose
Social welfare
Budget execution
Executed: 100%
Last data request
22.07.2022

The project

Article 47 of the Constitution stipulates the right to decent housing. Nonetheless, this right is subjected to the law of supply and demand, which sets market prices. These prices, which have been seriously affected by pressure from tourism, causing an average rise of 22% in rental costs per year. As a result, the Balearic Islands have the lowest housing accessibility index all over Spain, that is, the relationship between mean purchasing power and the theoretical cost of a home.

In terms of the supply and demand of publicly-subsidised housing, the Balearic Island Housing Institute (IBAVI) manages a fleet of 1,745 homes, 34 of which are currently available and in the process of being awarded. However, the demand for housing is on the upswing.

For this reason, the Balearic Island Housing Institute presents this project, whose purpose is to develop and build a group of 5 publicly-subsidised homes on a plot of land at number 12, Calle Posada de Montserrat in Palma (Mallorca) resulting from the grouping of 3 registered properties so that the homes can later be awarded as publicly-subsidised rental housing This aims to palliate the collateral effects of tourism, which hinders residents’ access to housing.

The development is located within the old quarter of Palma where there is currently a building in poor condition which has to be torn down. The building consists in a ground floor plus three upper storeys. With regard to the ground floor, the conditions imposed stipulate that a commercial space to be used by the Xesc Forteza theatre as storage must be given to the Palma Town Hall.

Also worth noting is the fact that all the housing developed by IBAVI are energy-efficient in order to meet the European Energy Strategy’s objective of 20-20-20, which in Spain is currently equivalent to energy qualification A for residential buildings, with consumption under 15 kWh/m2/year.