Second Homes News
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News : Topics : Second Homes With increased wealth for people in highly paid jobs in the country's cities, there has been an increase in the number of people buying second homes or holiday homes in rural areas. This can cause problems for the locals of the area, both by reducing the amount of housing available and pushing up prices, making it difficult for first time buyers to afford to buy a home in their native area. It's estimated that around a quarter of a million homes have now been bought up as second homes, and many rural communities are calling for action. Possibilities being discussed include higher council tax prices for second homes, and a ban on 'outsiders' buying property in areas where the problem is particularly severe. News Stories on Second Homes:Inquiry Urges Second Homes Protection for Countryside - Affordable Rural Housing Commission calls for new measures to protect rural communities against second homes (22/05/2006)Higher Tax for Second Homes? - Owners of second homes could face higher council tax charges (18/04/2006) Second Home Tax Break Scrapped - Sudden U-turn by government over second home pension tax break (07/12/2005) Rise in UK Second Homes Predicted - Report predicts that second homes will increasingly be bought in the UK rather than abroad (25/08/2005) Criticism for Second Homes Tax Break - Fears that plans for tax rebates on second homes could push rural prices even higher (25/08/2005) 230,000 Second Homes - Property consultants survey shows level of properties used as second or holiday homes (05/05/2005) |
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