Article preview: Second home ownership in the UK reached a new record high before the onset of the Covid-19 pandemic. According to new analysis by property management firm Houst, the number of holiday homes or rental properties rose 30% to reach a total of 495,000. The analysis of Ministry of Housing data for the most recent period, 2018/19, confirms the rising popularity of second home ownership.
Big rise in second home ownership
This 440-word blog post looks at the analysis of Ministry of Housing data, considering the rise in second home ownership in the UK, and reminding of the removal of business rates relief for holiday homes that are not genuinely let. Written on 16th April 2021.
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