Step in the right direction, & better than nothing, but not comparing like with like - they are spending significant chunks of the likely tenporary windfall, as opposed to investing.
Not all are just vacant - some are in probate, some between sales, some being renovated, some between lettings, some bad condition, some owners in care.
Agreed AirBnB is an issue in pressure zones - should only be for renting rooms in your residence when away etc.
Here are some examples of the state providing housing to non-nationals. There are also additional substantial costs to the state, as well as putting pressure on infrastructure…
Checked it on a couple of AIs. While arguably somewhat inaccurate, it doesn’t seem to be that far off the cumulative potential amount either..? See below:
