My view for a very long time is we should have introduced similar restrictions Denmark places on foreign ownership. You have to have been a resident for 5 years or more, currently work there and have a valid residency or business permit.
A number of small things have been done or consulted on:
Wasn’t aware but sounds good - or if you’re non-res you pay some form of additional (punitive) tax to buy.
Absolutely but the thing is who decides a property’s value and to what level its value has increased ? Certainly not the house owner, as in my experience the value is set by the estate agent who markets the property, maybe cap property price increases and link to inflation somehow ! Certainly doesn’t benefit home owners who see their homes increase in value on paper and if buying a further property to live in after selling the one they own see the next property has increased as much or more than the one they are selling. Crazy system really, as I get older and less able to continue maintaining the property myself I often wish I’d never gone down the home ownership route and instead moved into my wife’s council flat where she lived instead of having her move in with me when we married,(40 years ago) there’s a lot to be said for the peace of mind renting gives one where most building maintenance work is carried out by the owner bar painting/decorating etc.
