H/t reader squodgy:
“Ghost towns in UK are a real problem.
People shoring up their pension funds with nice properties in quaint or popular locations have been depriving communities of continuity and business for decades, but the failure of Local and National Government to address the issue and its Social consequences has resulted in an exponential growth.
Where we live, in a picturesque part of the country, small villages have really become ‘holiday villages’ due to a large portion of the properties being let to people on vacation.
But, out of season, there’s just no one there….reminiscent of THE SHINING.”
On one London street, seven out of 10 properties are second homes – and the area is rapidly becoming a ghost town
– The one figure that shows the scale of London’s housing crisis (Independent, May 15, 2015):
The realities of London’s housing crisis have been made even more clear, after it has been found that seven out of 10 properties on one Kensington street are second homes.
On the 300 metre length of Ashburn Place in Kensington, West London, which has 131 residential addresses, 70 per cent of the homes are not classed as a main home, according to Kensington & Chelsea Council.
The council’s figures were obtained via a Freedom of Information request by The Steeple Times. Continue reading »
Tags: Economy, Global News, Real Estate, Society, U.K.