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 Census published by the National Institute of Statistics provides evidence of this contradiction. Large segments of Balearic citizens are unable to build an independent life because they cannot find a place to live, while simultaneously, there are 210,587 homes that are either vacant or only used as second residences.
Real Estate Meeting
At the meeting on September 30, we will have the presence of the REU programmers, to present the latest updates and the advantages of publishing all the properties, also publicly, to users who may be interested in buying or rental.
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Legacy homes can be sold now without waiting for unforeseen heirs
With the pandemic and the death of many elderly people, the real estate sector has received a significant injection of housing stock for sale and rent. With the legal change on Friday, inherited home purchases that in the past required a warning from notaries to buyers, are no longer valid. Until now, many of these operations could be blocked or be susceptible to mistrust, due to the risk...
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The sale of homes rises 53.5% in July and marks its maximum in 13 years
The statistic chains five consecutive months of positive rates | The sale of used apartments increased 56.9%
The sale of homes soared 53.5% last July in relation to the same month of 2020, to add 50,258 operations, its highest figure since April 2008, when more than 54,000 transactions were carried out, as reported this Wednesday the...