Desire for new-home builds is rising exponentially, according to the latest data released by the Balearic Islands statistics office (IBESTAT).
The number of applications for new residential projects registered an increase of 55% in the first two months of 2016, over the same period of the previous year – the greatest increase registered in the last 10 years.
The boom in applications follows a long period of relative stagnation in the construction of new housing on the island from 2008.
Photo: CSV Construccion
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