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submitted 8 months ago by filoria@lemmy.ml to c/world@lemmy.world
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[-] Blackmist@feddit.uk 11 points 8 months ago

The bogeyman reason is investors (and especially Chinese investors).

Suspect the real reason is they're a mix of holiday homes, near ruins, crap properties in crap locations, tangled up in a bunch of legal shit, inheritance proceedings, or the old person that owns it is in care.

There's a bunch of greed as well, but it's not worth leaving a property empty over renting it out for an exorbitant sum.

this post was submitted on 10 Dec 2023
852 points (99.2% liked)

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