Wales led the way in tackling the problem of empty properties and priced-out locals – and now Jeremy Hunt has weighed in
In the first Covid-19 lockdown, Selaine Saxby noticed how empty her village had become. “I live on a close of 30 homes of which only five were occupied,” said Saxby, the Conservative MP for North Devon. Second homes were left vacant and holiday homes unlet as the pandemic spread, illustrating how much of the nation’s picturesque towns and villages were owned by people who lived somewhere else. Later, remote working by City dwellers keen to grab a slice of countryside and a boom in staycations meant many Devon towns became swamped.
Ilfracombe on Devon’s north coast has seen a 52% increase in house prices since 2021, largely as a result of second home buyers, says Saxby. Over the same period there has been a 67% drop in long-term rentals to locals.
Continue reading… The Guardian Read More Wales led the way in tackling the problem of empty properties and priced-out locals – and now Jeremy Hunt has weighed inIn the first Covid-19 lockdown, Selaine Saxby noticed how empty her village had become. “I live on a close of 30 homes of which only five were occupied,” said Saxby, the Conservative MP for North Devon. Second homes were left vacant and holiday homes unlet as the pandemic spread, illustrating how much of the nation’s picturesque towns and villages were owned by people who lived somewhere else. Later, remote working by City dwellers keen to grab a slice of countryside and a boom in staycations meant many Devon towns became swamped.Ilfracombe on Devon’s north coast has seen a 52% increase in house prices since 2021, largely as a result of second home buyers, says Saxby. Over the same period there has been a 67% drop in long-term rentals to locals. Continue reading…
