Are second-home owners destroying communities by turning villages into holiday hotspots?


Section 157 of the Housing Act enables local authorties to impose covenant on their properties in the Area of Outstanding Natural Beauty sold under the Right to Buy provisions. All such properties need a consent from the Council for any disposal of such a property

Covenants enforced under section 157 of the Housing Act, is to preserve 'local homes for local people'

However the trend suggests second-home owners are out-pricing local people and turning rural villages in areas of outstanding natural beauty into holiday hostpots.

In some cases 'out-priced locals' blame second-home owners for destroying their sense of community, as the younger generation of 'first time buyers' simply can't compete with second home owners and are being forced to leave their communities.

What do you think of second homes?


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It's not all bad news for flat owners...

It's not all bad news for flat owners, according to Paul Marsh, president of the Law Society. LetsRentIt.co.uk discuss his comments published in Kent Life Magazine, March 2009


"Flat owners could actually benefit from lower prices in the market. Most leases run for 99 years but once they have less than 80 years left to run, the cost of buying a lease extension increases significantly"


The article published in March '09, goes on to suggest that now is a good time to renegotiate your lease extension while the market values are low as the lease extension cost is partly determined by the properties market value.


Paul Marsh goes on to say "Delaying an extension could hit flat owners with a double whammy; when property prices go up and the length of time left on the lease has gone down, it will be more expensive to extend it."


Also worth a click...

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Holidays in Europe Down 15%

With the pound weak against the EURO and the economy in freefall it's no surprise holiday-makers aren't shelling out their hard earned coffers on holidays to France and Spain, which have been worse hit.

If your looking for a cheap family holiday in Europe, chances are you won't find one unless you're looking for a last minute holiday out of season.


With the unusually long summers we're experiencing in the UK, holidays in Britain could work out to be a cheaper holiday and better for the UK tourism industry.

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