According to the Balearic association of builders, the number of new homes built per annum over the past fifteen years has not exceeded 4,000. Ideally, given current demand, there should be at least 7,000 a year.
Mallorca builders - At least 3,000 more new homes needed each year
The housing deficit problem has been getting increasingly worse
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Becoming or become the Dubai of the Med.
WELL said and the island needs 10.000 more small starter homes right away. The businesses run profitably and create new jobs every year but the extra workers needed can not find affordable accommodation for several reasons, the planning rules throughout the island favor family size flats and detatched family homes, The rules forbid building one bedroom flats and studio apartments. The planners provide vast tracts of land for business and industrical parks (poligonos) but do nothing to let the developers build the new housing required. In Ibiza the situation is much worse, Many high earners have to go for the canpervan solution. The urban planners ruled out years ago the provision of campervan parks. On the other hand, there is an ample supply of luxury villas as second homes. The planners and politicians are to blame-