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That's not how businesses work. Nobody spends millions building a house so that they can leave it vacant once it's finished.
by lottin 2y ago
That's not how businesses work. Nobody spends millions building a house so that they can leave it vacant once it's finished.
- nephanth 2y agoExcept they do. That is the problem. See for example: https://m.murciatoday.com/almost_half_a_million_vacant_new_builds_in_spain_that_no_one_wants_to_buy_2174512-a.html https://m.murciatoday.com/almost_half_a_million_vacant_new_b... https://www.investigate-europe.eu/en/posts/the-empty-house-a-window-into-europes-vacant-property-problem https://www.investigate-europe.eu/en/posts/the-empty-house-a... It isn't a particularly Spanish problem either: following article about the American version of it https://www.cbsnews.com/news/empty-office-buildings-doom-loop-cities-60-minutes/ https://www.cbsnews.com/news/empty-office-buildings-doom-loo...
- lottin 2y agoThese aren't examples of houses kept vacant intentionally by speculators. The first articles literally says in the headline that the houses are empty because "no-one wants to buy them". The second one states that the reason the flats are empty is "unlikely to be property speculation".