‘Rich people bought our entire village and now it’s a ghost town’ | UK | News

Residents of the historic Welsh village Aberllefenni are facing rent hikes of up to 60% by new landlords, London-based firm Walsh Investment Properties, causing an exodus of locals and transforming the once close-knit community into a “ghost town.” The properties, previously owned by Welsh slate supplier Wincilate Limited, were bought for £1 million by Chris and Lisa Walsh, who defend the rent increase as necessary in the current economy. While some hope that planned upgrades to the properties will attract new residents, others fear that the spirit of the village has been irreparably damaged.

Full Article