Business Breakdown: Asset sale by stealth

Mon, 29 Jun 2015

By Fiona Rotherham June 30 (BusinessDesk) - Overseas experience has shown government plans to sell off state houses to social housing providers carries serious risks, says Opposition leader Andrew Little. In the Netherlands where community housing providers supply the majority of social housing, there has bene massive mismanagement in recent years, he said. That included cost blow-outs, allegations of personal enrichment and 1.2 billion euro of losses which results in thousands of houses being sold to foreign speculators, he said. “...

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