The new board of directors of the Balearic Association of National and International Real Estate Agents (ABINI) has held its first institutional meeting with the Minister of Housing, José Luis Mateo, and the Director General of Housing, José Francisco Reynés, in a key meeting to address the current situation of the property market in the Balearic Islands.
On behalf of ABINI, the meeting was attended:
Daniel Arenas, President
Alby Euesden, Vice-President
Marvin Bonitz, Secretary
John van Eenennaam, Treasurer
Hans Lenz, Spokesperson
During the meeting, the minister and the director general explained the current housing situation in the Balearic Islands and detailed the shock measures that the government is implementing to tackle the problem of access to housing in the archipelago.
One of the key points was the presentation of the ‘Lloguer Segur’ programme, a pioneering initiative in Spain that seeks to encourage empty homes to come onto the rental market, offering guarantees to owners and increasing the available supply.
ABINI has conveyed to the representatives of the Government the great concern of the sector about the elimination of the compulsory registration of real estate agents, a measure that, according to the association, jeopardises transparency and security in real estate transactions.
The president of ABINI, Daniel Arenas, stressed that ‘if we want a safe and reliable real estate market, we need a solid regulatory framework and a firm commitment from our administrations. It is essential that the Govern defends this position before the Ministry and, if necessary, that work is done imminently on a specific regulation for the sector’.
ABINI has underlined that the lack of regulation prevents professional registration and requirements for real estate agents, which can open the door to malpractice and lack of control in the sector.
ABINI has already announced that it will work together with the rest of the real estate sector in the Balearic Islands and with other autonomous communities in order to convey to the administration the urgent need to regulate the profession of real estate agent.
