By John Smith • Published: 06 May 2021 • 10:44
Announcing the new housing law Credit: Balearic Government
THE Balearic Government has approved a new law which includes measures to speed up and facilitate public access to housing aid (especially rental) and to appropriate empty houses. With a continued shortage of reasonably priced social housing in Mallorca in particular and the stockpiling of property by banks and other lenders due to foreclosure or bankruptcy, the Government intends to take further measures to release property onto the housing market. The main measure include;
In addition, the Government has strengthened the rights of first refusal to purchase properties from large owners who will be subject to stricter obligations.
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Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Currently he is acting as Editorial Consultant for the paper helping to shape its future development. Share your story with us by emailing newsdesk@euroweeklynews.com, by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews
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