Highland homes are being sold for their values as rental properties, rather than for their value as residences.
Homes are being sold for their values as rental properties, rather than for their value as residences. Homes are often sold for more than 30% over the Home Report value. To get a mortgage on a house, you need a deposit of 5-20% of the mortgageable, Home Report value. Houses are currently being sold, often unseen, to wealthy individuals and companies who have the money to pay over 130% of the Home Report value in cash.
Building more homes will not address this economic imbalance. The housing market must be regulated.
Tourism, through services such as AirBnB, removes homes from communities. The number of short-term rental homes continues to rise