Second Homes
Posted on March 4th, 2008 by admin
Government to Curb Second Home Ownership
An inquiry commissioned by Gordon Brown will recommend local authorities have the power to prevent outsiders buying property they do not intend to make their main residence. Those seeking to buy country boltholes that deprive local residents of houses would be forced to apply to the council.
The move is likely to reduce the supply of houses in counties such as Cornwall, Devon and Norfolk available for use as second homes and push up their price.
They wouldn’t be depriving local residents of houses if the demand was met with supply. All 3 counties are rural and have plenty of land.
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