….but there are plenty out there who won’t give two shits:

[https://nypost.com/2023/11/07/real-estate/americans-are-increasingly-buying-homes-in-scotland/](https://nypost.com/2023/11/07/real-estate/americans-are-increasingly-buying-homes-in-scotland/)

Cash buyers – and not just of the American persuasion – are plentiful. Property is a global market and 2nd home taxes are merely nibbling at the edges.

Unless the UK passes stringent laws banning foreign ownership AND builds more housing then, well, you know…

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by TheFirstMinister

3 comments

  1. Could people from abroad not start up a UK company and have that buy property?

  2. I commend the recognition that housebuilding is what will fix this problem. Too often, people seem quite happy to ignore the issue and to revel in scarcity while looking at increasingly absurd and counterproductive ways to ration housing.

    So what are we actually going to do about it? For my part, I’d like to see a huge liberalisation of planning, promoting a range of smaller housebuilders (that virtually died off in 2008) and to actively encourage self-build.

  3. So, before this change, a very small proportion of second home owners didn’t give a shit about the impact on locals. But now there’s still a very small proportion of second home owners who still don’t give a shit but are now paying twice as much in council tax to pay for local services.

    I’m not sure what local government are meant to do to ban any foreign nationals from buying property but this seems at least like a positive step.

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