Quote:
Originally Posted by BERNADETTE
Maybe they won't be bothered about the number of empty units we have but surely they are in it to make money. Leaving units empty is hardly good business sense  |
Sadly with owners like the Swiss bank, who deal in billions, their investment is more likely tied up in the long-term increase of property prices, rather than income from rent.
Though I totally agree with you.
If you were a landlord, and no one could afford to rent from you, if you solely relied on the income, you'd cut your rent, rather than have the properties standing empty.
Swiss banks don't need to rely on the rental income of a few retail units in Accy, to put food on their table.