ghost home

Language: en

Meaning: (idiomatic,real estate)A residenceintentionallykeptvacantby anabsenteeowner, especially aforeigninvestor, as a financially safeassetto beliquidatedat a convenient time.2015April 24, Joshua Alvarez, “Real Estate: Are ‘ghost homes’ becoming a problem?”, inPalo Alto Online, US, retrieved27 April 2018:The house is an example of what is popularly referred to as a "ghost home," a property owned by a nonresident (sometimes noncitizen) who has no plans on ever moving in.2017May 13, Jimmy Thomson, "Ghost investment properties could be harder to exorcise than it seems,"domain.com(Australia)(retrieved 27 April 2018):So then we get to the deliberateghost homeinvestors. How do we tell that the empty flat has been purposely left unoccupied?2018April 26, Natalie Obiko Pearson, “Ghost-hometax fills Vancouver coffers but rentals remain scarce”, inFinancial Post, Canada, retrieved27 April 2018:The outcome of the new tax is being watched closely as cities around the world struggle with the rise of so-calledghost homes: scarcely used residences in prime urban locations seen by investors as a safe way to park their cash.

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