Rat and Mouse
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Thu
25
Aug
The second home market
Andrew Lowe, of Direct Line, said: "A strong economy, warming climate and a regenerated urban landscape are the key factors set to make Britain more attractive than ever as a second home location."

The morning's papers have picked up on a document circulated by Direct Line, which suggests there's going to be a 24% (24%, note, not 25%... after all, this is science) increase in the number of people with second homes in the UK. A significant proportion of these second homes will be bought by parents for students and then later converted into a pension. Meanwhile, the students will have to wait another 30 years before they can get on the property ladder, because of the effect all these second home purchases will have on house prices. More, here.


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