The Balearic National and International Real Estate Association (Abini) asked this Monday in Palma that the new housing plan of the Government -presented this week- guarantees respect for urban and environmental regulations, as well as transparency and quality in the execution, in order to ensure that the promotions planned for 2026 benefit the territory and social cohesion.
Abini expressed his support for the regional plan, which contemplates 228 million euros to build more than 1,000 public housing units by 2026 within the package of 1,213 properties planned for the archipelago. The entity underlined that this action constitutes the biggest historical bet on public housing in the islands, a measure that he described as “ambitious, necessary and urgent“.
The underlying problem: lack of supply
The sector remarked that the shortage of residential supply is a “fundamental” element to understand the tension in the market. For decades, they explain, demand has increased considerably, while housing production has not grown at the same pace, generating sustained pressure on prices and accessibility.
“Real commitment” and administrative streamlining
The president of Abini, Daniel Arenas, appreciated that the plan “is not just a declaration of intentions“, but represents a concrete commitment, with identified and scheduled projects. He stressed that the Balearic Islands “need more affordable housing“, but also certainties, administrative agility and a fluid collaboration between the public and private sectors.
Priority for residents and public-private cooperation
Abini’s requests include maintaining priority access for long-term residents, as proposed by the regional government. The association considers that this measure is key to ensuring that new housing “reaches those who really need it“.
The employers’ association also defended that developers, SMEs, professionals and administrations work “in a coordinated way” to make the deployment of the plan viable. It recalled that the private sector has the “will, means and responsibility” to participate in the development of the projects.
Industry experience and sustainability
Abini stressed that the technical experience and execution capacity of the real estate sector can contribute to the fact that the planned housing “will not remain just figures”, but will become real homes for families, young people and professionals in the Balearic Islands. The entity valued the initiative as a “firm step” towards the normalization of the residential market, insisting that the process must maintain criteria of sustainability, respect for the environment and economic dynamization.
