Smaller pools, less living space – Mallorca introduces new construction regulations for fincas
Spring 2020 – Mallorca's economy suffers massively from the effects of the Corona Pandemic. At the end of May came the desired, positive signal from Madrid – at the latest from the 1st July foreign tourists can enter the country once again. Hoteliers, restaurant and bar-owners can breathe a sigh of relief, at last light at the end of the tunnel.
Around 40% of the gross domestic product of the Balearic islands is at stake if the tourists fail to arrive. With at least 20% of the GDP the building industry is the second biggest economic factor, but now this segment is also being severly restricted, not only by the pandemic but also by a new law from the island government which came into force on the 25th May 2020. The 'decreto Ley 9/2020 de medidas urgentes de proteccion del territorio de l...