London has similar problems. Apartment blocks that have a hundred flats, but only 5 are occupied all year round. The new ones at Battersea being a good example. The others owned by shell companies that are speculating and investing, or just plain hiding ownership and tax dodging.
The UK government have made some small steps in trying to associate property with people via proceeds of crime acts, and the financial conduct authority, but it is woeful.
The UK government have made some small steps in trying to associate property with people via proceeds of crime acts, and the financial conduct authority, but it is woeful.