Mallorca: Palma takes on 46 capped-rent homes

Palma, Mallorca, plans to spend 4.5 million euros on 46 homes with capped rents after the building contracts drew no takers. The city council now intends to build the homes itself on Josep Mascaró i Passarius, Sant Mateu and Joan Daurer streets. Councillor Óscar Fidalgo presented the plans on Wednesday, 11 November 2026, as part of the city’s proposed 2027 budget.

The contracts had attracted no interest during the first phase of Palma’s housing plan. The budget also sets aside 3.7 million euros to refurbish 399 public homes formerly managed by the Municipal Housing Board.

A further 850,000 euros would fund grants to improve access to residential buildings, including lifts and ramps for buildings that lack them. The city also plans to spend 700,000 euros on partial demolition at Palma’s former prison. That work is intended to make way for a planned residence with 139 accommodation units for professionals.

Topics: Housing · Politics · Palma · Manacor

Source: Europa Press / Mallorca.com