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
The project aims to improve access to housing in line with energy efficiency standards
Mallorca
1.886.786 €
Status: Executed
The Government is building a new subsidised rental building with ocean views in Palma
Mallorca
5.163.434 €
Status: In execution
A public development to improve access to housing on an island strained by rental prices
Ibiza
2.938.730 €
Status: Executed