The Balearic government believes it will be able to provide up to 3,000 empty homes for rent at prices 30% lower than market rates.
3,000 empty homes in the Balearics for rents 30% below market rates
A voluntary scheme aimed at small property owners
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All they are doing is trying to appease the protestors. When noting happens, as it won't, the protestors will be out in full force again. How come they never try to build housing with low rents, I assume that's too difficult to really make a difference.
Never going to happen, nothing ever does.
Subsidised rent (by the Council) isn't a new idea. The UK has tried and failed with this scheme. There are many reasons it failed but in Mallorca it will fail for two reasons which are a) tenants who know the system will squat and the current law protects them from eviction and b) it's open to fraud since who will determine the market rate that the subsidy is going to be based on? Maybe something is better than nothing but if the Council had done their research they'd realise that this initiative is doomed to fail.
Damn! I'm 104kgs and 6ft 4"!!!! Guess that means i dont qualify as a "small" owner!! Better start that diet!!!! 🤣😂🤪 Sounds good in principle, but we all know they'll make a complete hash of it, if it happens at all! Meanwhile.... Back to that G&T! ;)
A couple of questions , Where dose the rent money go ? What type of super Duper new garentees are they going to invent that the rent gets paid I’ve been trying to get something like that forever here , there are a lot of communists around here , who is going to control the places that they are kept in good order ? Soory but this is Bullshit !