https://orcid.org/0000-0002-9347-2722
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ABSTRACT
Numerous studies have examined the challenges associated with developing second-home (SH) tourism in rural areas. However, little attention has been given to exploring the influence of power dynamics and rent-seeking behavior on the Real Estate Market for second homes (SHs). To address this research gap, our study conducted face-to-face interviews with key stakeholders in five selected villages in Iran. Our objective was to investigate the impact of power and rent-seeking on the SH market. Our findings reveal that rent-seeking activities have significantly increased in the Real Estate Market for SHs in these villages due to legal loopholes, weak rule of law, inadequate supervision, and severe economic crises. Rent-seeking has emerged as the dominant and most profitable activity within this market. By shedding light on the processes of rent-seeking in the Real Estate Market for SHs in developing countries, our study enhances our understanding of this issue. It contributes to the formulation of effective policies and regulations.
Disclosure statement
No potential conflict of interest was reported by the author(s).