No tenant will pay more than 33% of their income

TDB keeps you informed. Follow us on Facebook, Twitter and Instagram

IBAVI

This morning, the IBAVI handed over the keys to the development of 43 public housing units in Plaza de Can Ribes (numbers 1, 2, 3 and 4) in Palma’s Soledad neighbourhood.

The prices of the flats, including rent and expenses, range from 264.72 € to 654.06 €, so none of the beneficiaries will have to pay more than 30% of their monthly income.

The profiles of the tenants are 21 families of single parents with children, 5 couples without children, 6 couples with children and 1 unit of sisters.

The 43 dwellings are accessible, have 2 bedrooms and are between 46.32 m² and 61.52 m².

It should be remembered that the site was ceded free of charge by the town hall in 2019. The site on which the development is located has a surface area of 1,706.46 m², of which 4,989.28 m² are built and 1,687.36 m² are for parking.

The budget for the development was €6,562,315.18 (excluding VAT) and the work was completed in 23 months.