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Jeanine Kitchel's avatar

The cold reality. The Wales tax hikes sounded like a possible solution but you're right -- that won't bring back the lost restaurants or bakeries, etc. And it obviously is becoming a world-wide phenomenon.

Tony Radistis's avatar

This is happening on the Greek island I was born and now live (6 months of the year).

Like you, Hospitality has been my life. I have lived and worked across 3 Continents and then came back to the island to create a hospitality business.

I’m on both sides of the coin and have witnessed multiple, derelict or not houses, being sold over the past 20-30 yrs to mostly non-Greeks, simply because Greeks don’t have the purchasing power to buy homes anymore!

The new owners come for 2weeks of the year for their holidays and the rest of the year these newly built, smartened up houses sit either empty or rented through Airbnb!

They compete alongside my properties, without having to pay the taxes I pay to the Government or the local authorities!

If you ask the local real estate offices or the mayor’s office, they will call this ‘Progress’ and Modern development. They are clueless and refuse to even contemplate the consequences this so called Progress has brought.

Whole neighbourhoods being deserted for most of the year, businesses closed, professionals that come to live and work on the island not being able to rent homes for their families ,(as these are only available for 6 months of the year and at astronomical prices), and everything else you mention in your post.

It’s a real threat and the ppl in power only see monetisation! I see it as a vicious circle that is really hard to break without hurting either sides beyond repair. It’s the kind of danger that requires very surgical tactics and ppl that can make a difference in the local community without prioritising their own pockets first, but, this is not the kind of utopia we’ll come across anytime soon!

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