Simon wrote: ↑Tue Feb 20, 2024 10:38 am
In all seriousness, that's how much a house like that _should_ cost. It's just that prices in the south particularly, have gone crazy.
I agree. That's the cost of foreign investment in property driving up the prices, I think.
It will never come to pass, but as a thought experiment it would interesting to consider what would happen if they introduced similar legislation to Denmark. If you buy a property as an individual you have an obligation to live in it. There is some leeway (e.g., you can rent it out to cover working abroad for a limited period), but you cannot hoard property in the same way as has happened here.
For summerhouses you must demonstrate a strong connection to the country before you're allowed to buy, irrespective of whether you've agreed to buy or not. That keeps prices low, as an example we looked last year and found that similar houses to the one we rented for a week (90sqm, fully kitted out, in really good condition, five mins from a great beach, one hour from Copenhagen), was easily found for about £130k.