The Government's measure aims to expand the housing stock in the Balearic Islands with novel proposals that are not applied in other autonomous regions. | Jaume Morey
The Government has obtained the endorsement of the High Court of Justice of the Balearic Islands to continue with the process of expropriation of empty apartments belonging to banks and investment funds in the Balearic Islands. Property that’s been empty for two years can be expropriated by the Government for a period of seven years. The temporary use transfer, which is included in the Balearic Housing Law, was approved in 2018 and allows for flats to be removed from the market and rented to those in need for a maximum 30% of their income.