Rental offer collapses in Mallorca
The majority of Spanish provincial capitals (32 of the 52) now have much less rental housing than there was a year ago. In the case of Palma, the drop is up to 30 percent.
The fall in rent in Spain has been evident in the last year. The supply of rental homes has decreased by 17 percent, nationwide during the fourth quarter of 2022, compared to the same quarter of 2021, according to a study published by idealista, the real estate Marketplace of southern Europe.
Despite the size of this decrease, the fall in stock is less than that registered in the third quarter, when the offer contracted 25 percent. The Spanish provincial capitals have considerably noted this decline. In the case of Palma, it is not one of the most affected capitals in this matter, but the drop reaches up to 30 percent.
At the Balearic level, the Islands are the seventh Spanish province where the supply of rental housing has fallen the most, reaching 21 percent.
The brutal demand for housing in Palma: 50 families compete for each rental advertisement
According to Francisco Iñareta, spokesperson for idealista, “the number of families competing for each rental home does not stop growing, which shows the effects of the destruction of supply that all the political measures adopted in the last 6 years are causing. With hardly any housing on the market, the possibilities of accessing a rental are drastically reduced, making it...
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The neighborhoods of Nou Levante and La Soledat will be able to energetically rehabilitate their homes with European subsidies
The neighborhoods of Nou Llevant and La Soledat in Palma will be able to improve the energy efficiency of their homes with European subsidies from the ARV project, funded by the Next Generation EU funds. The grants will cover up to 80% of the renovation costs and focus on enhancing building energy efficiency. On September 26, an informative session will be held to explain the details of the...
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One out of every three homes in the Balearic Islands is either vacant or only used for a few days a year.
In the midst of a housing emergency in the Balearic Islands, where real estate listings show barely twenty apartments available for rent under 1,000 euros in Palma, and with the highest property prices in all of Spain, there is a paradox: one out of every three homes is either vacant or a second residence that is only used for a few days a year.
Data from the 2021 Housing...
This is the cheapest municipality on the Balearic coast to buy a home
The price of housing is through the roof in the Balearic Islands, especially in coastal areas, according to reports from the real estate portal Pisos.com. Based on a study recently released, five coastal towns on the Islands are among the ten most expensive in Spain. However, the aforementioned document also specifies which municipality on the Balearic coast is the most economical to...
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Reasons why collaborating between agencies benefits everyone and reduces the risk of scams.
**Collaboration Between Real Estate Agencies: Benefits for All and Fraud Reduction**
Collaboration between real estate agencies is not only a beneficial practice for everyone involved in the buying and selling process, but it is also an effective strategy to reduce the risk of fraud. This collaboration allows the pooling of resources, experiences, and knowledge, resulting in...
Loving Networking Can Make Your Life as an Entrepreneurial Agent Easier
Ah, networking! That magical art of making friends at conferences and business parties that, in theory, will help you conquer the real estate world. If you love networking, congratulations! Not only will you look incredibly busy with business cards and LinkedIn contacts, but your life as an entrepreneurial agent could turn into a truly epic adventure. And if you haven’t jumped...
Discover Vicky Vich
Who is Vicky Vich?
Today we are getting to know one of the key personalities of our REU family better, the REU Club Events Ambassador, who energizes REU meetings by perfectly combining the unique qualities that make her personality that of a true Empress by nature.
José Manuel Puga interview
Patricial Pal, de REU Ambassadors Sections, entrevista a josé Manuel Puga, CEO & Socio Fundador de la Asesoría Puga & Alarcón.
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Networking Event 25 of May
We already have a date for the next REU meeting. Make a hole in your agenda and come meet new people and generate new opportunities!
Now is the time to strengthen strategic relationships within the sector. Come share with us on Thursday, May 25, 2023 from 7:00 p.m. to 9:30 p.m.