Over the first six months of this year, 55 tenders for public building works in the Balearics were abandoned because valuations made by public authorities failed to take sufficient account of the cost of materials. The value placed on these 55 projects amounted to 47 million euros. These were more than half the number that were abandoned in 2022 for the same cost reason - 96 at a total value of 90 million euros.
Building works in Mallorca being abandoned because of costs
The real cost of works has risen by some 30%
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It’s unfortunate but this the way things happen around here first comes the artists representations in the news then the projected costs and how this is all funded then there’s a change of government and then everything costs Double also russias fault as well and I tell ya until October there’s not gonna be anyone there , a bit of a Nightmare actually for the hotels and small business there . We gonna see this is a slow moving thing !