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The APB begins the procedure for the sale of the Portixol terraces in the port of Palma to private individuals

Palma, 18/10/2021

On 29 September of that same year, the Board of Directors of the Port Authority of the Balearic Islands (APB) approved in an ordinary session the proposal for the sale of 10 terraces to private owners of the adjoining dwellings in the Portixol area of the port of Palma.

It so happens that many of the terraces of the houses in the area are the property of the Port Authority of the Balearic Islands, so this agreement establishes the conditions of sale of these spaces to the adjoining owners, as these are areas that are of no interest to the port.

In the event that these neighbours wish to acquire them, they must pay the APB the market value calculated by an independent appraisal company, which amounts to €1,051 per square metre. If they are not interested in purchasing them, the APB reserves the right to process the transfer of use, which will require the user to pay a fee for occupation of APB property, or to request the removal of the boundary wall or fence.

The total amount of the sale is about €452,526.00, for about 376 square metres. In June 2021, the affected parties were notified of the proposed sale, which was also agreed by the Board of Directors. Ten of them have already shown their firm intention to buy, some of them with an instalment payment plan.


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