Increased demand for housing and its shortage have made the Balearics one of the most expensive regions in the country, and this situation is not about to change. Sandra Verger, the CEO of the Association of Builders, says that the average cost of building a new home is around 300,000 euros, taking account of taxes and the costs of land and various reports.
Housing
Builders pointing to a lack of affordable housing
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And why is it so expensive you might ask. Greed by the owners mainly.