Last Friday, the Balearic Government’s Department of Housing, Territory and Mobility told Periódico de Ibiza y Formentera that the announced measure to finance the renovation of empty homes in the Balearic Islands, which are to be used for rental purposes, is not yet in force.
‘The idea is that it will be launched after the summer, probably in September, once the details have been finalised,‘ said the department in relation to this urgent housing and renting initiative. Empty homes that are uninhabitable due to disrepair may be eligible for the Balearic Government’s Lloguer Segur programme, which will cover the cost of renovations.
This is a measure whereby part of the amount received by the owner for renting out their property will be deducted. According to the Regional Ministry of Housing, the aim of this measure is to increase the number of properties that can be included in the programme, which currently only covers 48 owners across the Balearic Islands. Regarding Ibiza, these sources said that ‘there is still no estimate of how many properties could be included in this measure’.
It should be noted that Lloguer Segur is part of an emergency housing plan which aims to build around 5,000 affordable homes in the Balearic Islands.