Since the beginning of the crisis in late 2007 there has been an increase in the construction sector in Mallorca of a 22.56 %, and an astonishing 79% on Ibiza, these are the best figures since the crisis. These projects in development, forecasting and permissions in public is working for the tourism sector and is offering a certainty of optimism. Manuel Gómez the CEO of the Builders Association of the Balearic Islands said that what is happening is a positive change, and will have a direct effect on job retention and is increasing the activities in an sector that was in a recession back in 2007.
In Mallorca these investments will have a focus on works that will be done in hotels, cafes, bars, nightclubs and restaurants. These activities will be focused on other areas, not only Palma but also Can Picafort, Playas de Muro, Calvia and Cala Millor. Another positive investment is the new Fonatenelles shopping centre that will cost €300 million, and according to Alvaro Oviedo the deputy mayor of Palma this will make the construction activity and total investment the greatest recorded in the last three years.