It's happening where I live too (West Wales). Majority of houses are being bought for holiday lets for inflated prices. It's grim. I saw a stat the other day that said 1 in 10 properties are now second homes.
The second home thing just makes me furious and I'm not even directly affected by it (very few people want holiday homes in Dagenham). It's just so grotesque. I think second homes should be taxed up the wazzoo and I have no idea why they aren't.
It's happening where I live too (West Wales). Majority of houses are being bought for holiday lets for inflated prices. It's grim. I saw a stat the other day that said 1 in 10 properties are now second homes.