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Definition

A residence intentionally kept vacant by an absentee owner, especially a foreign investor, as a financially safe asset to be liquidated at a convenient time.

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In Context

  • "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."
  • "So then we get to the deliberate ghost home investors. How do we tell that the empty flat has been purposely left unoccupied?"
  • "The outcome of the new tax is being watched closely as cities around the world struggle with the rise of so-called ghost homes: scarcely used residences in prime urban locations seen by investors as a safe way to park their cash."
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See Also

  • ghost hotel
  • park one's money
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