A group of Spanish islands were warned of its public services with “collapse” during the next five years if the housing crisis continues to exacerbate – which led to invitations to 45,000 new homes
The terrible range of the housing crisis has been developed in Spain, where real estate developers warn thousands of new homes over the next five years.
After Spain witnessed record fame 94 million international visitors last year, anti-auto feelings such as the Hashim fire spread throughout the country-which led to a series of sabotage protests. Thousands of locals who are fraudulent to the streets have moved in recent months, armed with the laboratory that have been asking the British to return home.
Many Spaniards argue with excessive demand for holidays, as the rental of the rental market and prevents them from obtaining a property ladder. Other protests focused on pressure on officials to reform the housing sector by reducing rental prices in popular hotspots by 50 percent and allowing the local population to sign lengthy lease contracts so that they can “build life” without threatening to evacuate.
Read more: The bold Spanish island's message to the British, where the party is 4.28 million pounds
This issue is especially twisted on the Balearic Islands – especially Majorca, which suffers from holiday rental and second homes. Here, it is believed that in the third quarter of 2023, buyers abroad represent 31.93 per cent of property purchases – while former Minister of Housing Marta Vidal revealed that there are 235,000 illegal holidays that allow a billiaright work in the same year.
Even the local population claimed that they were physically contacted by the fishermen in the property who came to the door to see if they would sell their homes for foreign buyers. A man who lives in Palma, who wants to not reveal his identity, says he recently faced two men “wearing good clothes” who wanted to talk to the property owner about buying the apartment directly.
“When they insisted on requesting the owner's contact information, I refused to grant them,” the man said. “They have confirmed that there is a lot of demand for homes, but from foreign customers.”
Now, Joaquín Chinchilla, President of the Real Estate Developers Association called APROVIBA, which works throughout Mallorca, Menorca and Ibiza, warned that 45,000 properties will need a construction by 2029 to avoid “complete collapse of public services”. The president argues that the islands are currently facing a deficit of about 18,000 properties – which will get worse with the start of the workforce in Spain to retire.
“We are facing a serious disease that will get worse,” Jowaykin told the Spanish media. “There are already doctors, police officers and Guardia Civil who refuse to come to Balearics because the rent costs more than their salaries … Many professionals will retire during this period and they will need to replace them with people who will have to come from abroad, but there is no housing to accommodate them.”
However, plans have already been unveiled to reduce this issue – as Prime Minister Pedro Sanchez suggested an increase in housing and the owners of foreign real estate with huge taxes. Indeed, there are about 1000 properties in construction currently in Manacor, Calvià and Palma and will target the working families, at a reasonable price ranging between 119,000 euros and 220,000 euros (101,000-187,000 pounds).
“We ask for solutions, not more diagnoses,” added Johokin. “The situation is very dangerous and we are running late, but we are still in time to solve it if we behave bravely.”
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