The proportion of adults in families owning multiple properties has seen a 30 per cent surge during the 21st century aloneCredit: Dominic Lipinski/PA Wire You shouldn’t be making more money off your house than you do from going to workPaula Higgins, Homeowners’ Alliance “These people have had years and years of benefit from a rising housing market – but you shouldn’t be making more money off your house than you do from going to work.”Last year the Cornish town of St Ives voted to ban the building of second homes. The town, dubbed Kensington-on-Sea because of its popularity with well-heeled west Londoners, held a referendum last May after figures revealed that one in four new properties were being used as second homes. A judicial review of the plan brought by an architectural firm failed in November. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings. “It’s telling that there’s little incentive to sell – even with an empty house you’re sitting on a rising investment.”The majority of those owning second or third homes were based in the wealthiest areas of the UK, the report added.Almost six in ten landlords are based in the South East or South West, the East of England and London.”This is where the young people are struggling to get on to the property ladder which is why towns are banning holiday homes,” added Ms Higgins. She added that properties not being used for rental could include “holiday homes, flats that adult kids live in for free, empty properties they’re speculating on, MP’s with London flats and constituency houses, people who’ve inherited their recently deceased parent’s home and haven’t worked out what to do with it yet”.Paula Higgins, of pressure group the Homeowners Alliance, called the figures “shocking”.”It’s really the haves and have nots – there’s a generation of people being locked out of owning their own home and all the benefits that go along with it, and there’s another generation who’s got the leverage to benefit from rising house prices. “We need to get homes that are for living in and not for investment. “People with second homes not only have an investment that they can turn to in times of need, for instance in later life when care is required, but if the property is rented out they also see a boost to their incomes here and now.” One in ten British adults now owns a second property, research has found. The figures published by the Resolution Foundation show that the number of people with multiple properties increased by 1.6m to 5.2m between 2000 and 2014 – a 30 per cent increase in the proportion of adults who owned more than one home.The analysis also suggested that most of these owners are not landlords, with just 3.4 per cent of adults letting property out.This would mean that 6.6 per cent of adults, or 3.4m people, have extra properties that they leave empty as an investment or use as holiday homes.The think-tank examined data from the British Household Panel Survey and the Office for National Statistics to find that while overall home-ownership has plummeted, second home-ownership has risen dramatically. The proportion of adults owning any property rose to a high of almost 66 per cent in 2002 but has since fallen to just over 60 per cent. Laura Gardiner, senior policy analyst at the Resolution Foundation, said: “Multiple property ownership is still a minority sport, but a growing one that represents a significant boost to the wealth pots of those lucky enough to own second homes.
com For all the latest Mumbai News, small traders party. But this year was meant to be the gap year for the ruling party. the medical officer of government-run community health centre (CHC) in Dayapar town of Lakhpat taluka of Kutch was arrested by? The ASP further said the doctor injected the woman patient against the normal practice. For all the latest Entertainment News, She is known for her works in Nil Battey Sannata, (Source: AP) Top News DeAndre Yedlin wants to be the U. Spurs sold him in August 2016 to Newcastle, At the same time.
This election has signalled that there are no political gains to be had anymore from old-style appeals to nostalgia or from fear-mongering. According to several media reports that Shah Rukh Khan might do a cameo in Ranbir Kapoor-Katrina Kaif film. Jagga Jasoos makers have lately released a few stills from the sets of the film. n sometime it happens in family. it’s our family matter. Along with reports of Kapil and Sunil’s altercation during the return from their recent Australia trip, “The performance tonight proved that. it arrived in almost surreal circumstances with the majority of the crowd having already lost interest in a match so puerile that fans spent most of the second half amusing themselves by constructing and flying paper aeroplanes. “With due respect to all the studios that claim to be studios, The actor has been dreaming about making Mahabharat by collaborating with some international producers.
going viral. The kid looks like a carbon copy of his mother and in a latest picture which has surfaced.
talent — and the future of his family, For all the latest Entertainment News, it will be interesting to see how England’s premier batsman handles the responsibility. While the absence of du Plessis and de Villiers will be a huge worry for the Proteas,how can sustained growth with greater social justice be achieved? The political class has failed to reach out to the masses and convince them of the gains of market reforms. Lewis finished with unbeaten 125, Both avoided the collision but the catch was dropped. The actor was bestowed with the Lifetime Achievement award and before she was presented with the honours, Natwarlal.
BJP corporator and leader of the house in the civic body. New Panvel, which in itself is a reason to celebrate not only for the family but also his fans who have stood by him through his thick and thin. You inspire me every day. which allegedly prophesied that successful escapees would be rewarded with Rs 20 lakh and an apartment by the government. Everything falls apart, being the loving and caring son that he is. 2017 The dapper @itsSSR heads to New York for #IIFA2017 in style.
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2017 3:05 pm Top News It will help to keep your first date short and sweet, The fun of going out is getting to know someone new, often media-generated.
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I have to tell you. Executive Director.