To your second point, that’s a policy problem. You can tax these golden visa real estate investors at any rate. You can have a different tax rate for nonresiden

To your second point, that’s a policy problem. You can tax these golden visa real estate investors at any rate. You can have a different tax rate for nonresidents and an extremely high rate to penalize non-occupancy. The country might be poor and in debt overall, but somebody is getting rich off this real estate bubble and it is within the government’s power to make them share.