UK holiday prices

[HobbitFeet]

Second homes have been devastating parts of Wales for years.
The houses are only occupied a few months each year meaning the corner shop the butcher the post office the pub has no fucking customers because most of the houses are empty 9 months of they year.
Same is happening in Yorkshire Cumbria and elsewhere.
Eat the rich is sounding more and more sensible by the day.

A.second home is only a problem if it displaces a resident .

If there are 100 resident home owners in Rollupland, and 10 Texans show up and build 10 2nd homes, that's not a problem. You still have your 100 homeowners and the bonus of some Texans popping into town throwing around some cash now amd then. Also, the vacation home owners won't require services like schools, but still pay propeerty and other taxes...

I think what you are missing is that the second homes don't tend to be new builds, they are the established properties that are desirable, what was once a decent family victorian 3 bed terrace undergoes a kitchen extension, has a few walls knocked about, and raises prices across the area - either way Euan who works at the local car repair centre can't afford it for his family now, but it doesn't matter, there aren't enough children left to keep the primary school open, and the post office closed down months ago, the second home owners don't need his garage either

that is probably the difference, there are new builds, of course there are, but the second home purchasers don't want those, they want wisteria, ivy, and 'charm'

[Maddog]

Second homes have been devastating parts of Wales for years.
The houses are only occupied a few months each year meaning the corner shop the butcher the post office the pub has no fucking customers because most of the houses are empty 9 months of they year.
Same is happening in Yorkshire Cumbria and elsewhere.
Eat the rich is sounding more and more sensible by the day.

A.second home is only a problem if it displaces a resident .

If there are 100 resident home owners in Rollupland, and 10 Texans show up and build 10 2nd homes, that's not a problem. You still have your 100 homeowners and the bonus of some Texans popping into town throwing around some cash now amd then. Also, the vacation home owners won't require services like schools, but still pay propeerty and other taxes...

I think what you are missing is that the second homes don't tend to be new builds, they are the established properties that are desirable, what was once a decent family victorian 3 bed terrace undergoes a kitchen extension, has a few walls knocked about, and raises prices across the area - either way Euan who works at the local car repair centre can't afford it for his family now, but it doesn't matter, there aren't enough children left to keep the primary school open, and the post office closed down months ago, the second home owners don't need his garage either

that is probably the difference, there are new builds, of course there are, but the second home purchasers don't want those, they want wisteria, ivy, and 'charm'

There probably isn't much need for new builds, if the population isn't growing.

The ability for people to buy these second homes is because they are available. The availability is due to an exodus of locals to areas that offer a better standard of living. That's why the schools have dwindling numbers.

Japan has similat problems.


https://www.insider.com/japanese-govern ... nks-2021-5

[Raggamuffin]

Someone is selling these houses to people who want a second home. Perhaps they should have been more discerning?

[HobbitFeet]

the population that feeds the area is dwindling because as they leave their family homes and form their own families the property prices have become out of their reach

someone looking to purchase a terraced country cottage can't compete with the 2nd home buyer who not only has little in the way of mortgage but can fund the transformation into stunning designer home - as you well know a house is worth what somebody will pay, and in this case they will pay way more than the existing valuation, your local family probably can't even get a mortgage on it now

the whole market shifts and the village is no longer for people born in the area, but for people who have zero interest in whether or not the village is sustainable as a community


my house is exactly that, a victorian canal cottage, but I'm in the wrong part of Cheshire to command the mega prices, it's not huge, and it's not posh, but it is pretty, and if moved 10 miles up the road (canal) would be worth 3x the amount i paid - this community thrives for that reason, but the market would force local buyers like me out if the 2nd homers moved in



tldr - in short, more needs to be done to keep the community for people that partake in the community, by working, using the services, and ensuring that generations to come are actually invested in the place they live

[Maddog]

Someone is selling these houses to people who want a second home. Perhaps they should have been more discerning?

Don't know about there, but here, you have to sell to people who are qualified. Whether they live in town or in a different country.

Weeding out buyers based on who or what they are is a big no no.

[Maddog]

the population that feeds the area is dwindling because as they leave their family homes and form their own families the property prices have become out of their reach

someone looking to purchase a terraced country cottage can't compete with the 2nd home buyer who not only has little in the way of mortgage but can fund the transformation into stunning designer home - as you well know a house is worth what somebody will pay, and in this case they will pay way more than the existing valuation, your local family probably can't even get a mortgage on it now

the whole market shifts and the village is no longer for people born in the area, but for people who have zero interest in whether or not the village is sustainable as a community


my house is exactly that, a victorian canal cottage, but I'm in the wrong part of Cheshire to command the mega prices, it's not huge, and it's not posh, but it is pretty and moved 10 miles up the road would be worth 3x the amount i paid for mine - this community thrives for that reason, but the market would force local buyers like me out if the 2nd homers moved in



tldr - in short, more needs to be done to keep the community for people that partake in the community, by working, using the services, and ensuring that generations to come are actually invested in the place they live

Where are they going that property prices are cheaper?

London?

[Raggamuffin]

Someone is selling these houses to people who want a second home. Perhaps they should have been more discerning?

Don't know about there, but here, you have to sell to people who are qualified. Whether they live in town or in a different country.

Weeding out buyers based on who or what they are is a big no no.

People can sell their house to whoever they want here. Obviously, most people are going to sell to the highest bidder, but they're not forced to if they care about the area.

[HobbitFeet]

the population that feeds the area is dwindling because as they leave their family homes and form their own families the property prices have become out of their reach

someone looking to purchase a terraced country cottage can't compete with the 2nd home buyer who not only has little in the way of mortgage but can fund the transformation into stunning designer home - as you well know a house is worth what somebody will pay, and in this case they will pay way more than the existing valuation, your local family probably can't even get a mortgage on it now

the whole market shifts and the village is no longer for people born in the area, but for people who have zero interest in whether or not the village is sustainable as a community


my house is exactly that, a victorian canal cottage, but I'm in the wrong part of Cheshire to command the mega prices, it's not huge, and it's not posh, but it is pretty and moved 10 miles up the road would be worth 3x the amount i paid for mine - this community thrives for that reason, but the market would force local buyers like me out if the 2nd homers moved in



tldr - in short, more needs to be done to keep the community for people that partake in the community, by working, using the services, and ensuring that generations to come are actually invested in the place they live

Where are they going that property prices are cheaper?

London?

no, every region has areas that command lower prices, just not in the locality of the 'pretty' villages

[Raggamuffin]

the population that feeds the area is dwindling because as they leave their family homes and form their own families the property prices have become out of their reach

someone looking to purchase a terraced country cottage can't compete with the 2nd home buyer who not only has little in the way of mortgage but can fund the transformation into stunning designer home - as you well know a house is worth what somebody will pay, and in this case they will pay way more than the existing valuation, your local family probably can't even get a mortgage on it now

the whole market shifts and the village is no longer for people born in the area, but for people who have zero interest in whether or not the village is sustainable as a community


my house is exactly that, a victorian canal cottage, but I'm in the wrong part of Cheshire to command the mega prices, it's not huge, and it's not posh, but it is pretty and moved 10 miles up the road would be worth 3x the amount i paid for mine - this community thrives for that reason, but the market would force local buyers like me out if the 2nd homers moved in



tldr - in short, more needs to be done to keep the community for people that partake in the community, by working, using the services, and ensuring that generations to come are actually invested in the place they live

Where are they going that property prices are cheaper?

London?

A lot of young people want to move to London or a bigger town because it's more interesting. Not everyone wants to stay in the village they grew up in.

[HobbitFeet]

I'm not really arguing about the rights and wrongs of it

money talks and all that


but I do think there has to be a solution that allows for more equality and access to areas that have family ties, maybe there should be more affordable housing available

let's not forget that many of these desirable homes were indeed nothing more than rural council houses for the farm workers, who had their heads turned when the property they bought for 20k after living in it for years, suddenly was getting offers 15x that - I'd be tempted too

[Maddog]

Someone is selling these houses to people who want a second home. Perhaps they should have been more discerning?

Don't know about there, but here, you have to sell to people who are qualified. Whether they live in town or in a different country.

Weeding out buyers based on who or what they are is a big no no.

People can sell their house to whoever they want here. Obviously, most people are going to sell to the highest bidder, but they're not forced to if they care about the area.

Yeah, there is some leeway here too, but you need to be careful about discrimination. The sellers have more flexibility than the agents representing them too.

Let's say a young couple with a child came by and made an offer. You could take less from them because you wanted to help them. Of course if a black couple came by and offered more, problems could arrise.


Most homes are sold with agents involved, and buyers and sellers never meet anymore. Contracts are submitted and decisions are made based on those contracts. Potential buyers never see the other contracts nor do they know who they are competing with. Sellers may not even know if the buyers plan on using it for a second home..

[Maddog]

I'm not really arguing about the rights and wrongs of it

money talks and all that


but I do think there has to be a solution that allows for more equality and access to areas that have family ties, maybe there should be more affordable housing available

let's not forget that many of these desirable homes were indeed nothing more than rural council houses for the farm workers, who had their heads turned when the property they bought for 20k after living in it for years, suddenly was getting offers 15x that - I'd be tempted too

There is one sure fire way to bring down prices. Increase the supply.

[Grafenwalder]

Another one has popped up now which The Times describes as a "cottage".

Staycation boom puts price tag of £107,000 a week on Suffolk cottage

A holiday rental in Suffolk is being listed for more than £100,000 a week as property owners are accused of seeking to profiteer from booming staycation demand.

The three-bedroom house in the village of Wenhaston is currently priced at £107,000 for seven days’ accommodation, more than three times the average UK annual salary.

The listing boasts of “wonderful views of the countryside” and a “hot tub in the garden”, adding: “Once you arrive you can relax and really enjoy yourself with a glass of wine or relax in the large garden.” Visitors with pets will have a £20 surcharge added to their bill.

The property has yet to be rented.

The home was advertised on Vrbo, an American holiday rental website, which has more than 70,000 homes listed in the UK.

Other eye-watering listings to be found on the site include a £3,000-per-week stay in a caravan in Newquay, Cornwall, and a seven-bedroom home in Sunningdale, Berkshire, priced at £33,000 for one week.

Rental firms and property owners have been criticised for looking to exploit holidaymakers forced to spend their summer in Britain by travel restrictions.

Paul Nickerson, a Conservative councillor from Beverley, East Yorkshire, was searching online for a summer break starting on August 14 for him, his wife and their three sons, who are all under the age of five. One listing, a three-bedroom house in St Ives, Cornwall, came to £10,232 per night.

Nickerson wrote on Twitter: “£71,000 to take my kids for a week away in Cornwall, a bit of a pisstake from some holiday home owners and companies this year.”

The listing, located near to where the G7 summit was held last month, has since been removed from Vrbo by the owner of the property.

Kirsty Kilmurry-Arthur, the mayor of St Ives, described the price quoted to Nickerson as “totally obscene” and “extortionate”.

She told MailOnline: “It is true that property, and in particular holiday property in St Ives, is a huge and expensive market.

“I personally believe that some of the prices are extortionate and are designed to attract a certain kind of holidaymaker, depriving many hard working people from being able to enjoy the town.”

According to research by Vrbo, prices had risen most in parts of Cornwall, where they are up 22 per cent since 2019.

In Great Yarmouth, Norfolk, they were up 12 per cent and in the coastal resort of Hunstanton, in north Norfolk, the increase was 7 per cent.

A recent study by the consumer group Which? suggested that prices had soared in ten of the UK’s most visited beach destinations this year, including St Ives, Whitby, Llandudno and Brighton, and that the price of stays in July and August was typically 35 per cent higher than last year.

A spokesman for Vrbo said: “As a two-sided marketplace, Vrbo connects holidaymakers and holiday-home hosts and as per our business model all contractual agreements are closed between the traveller and host directly.

“As all rental prices are set by the hosts themselves, Vrbo does not set, change or influence the property prices that a host chooses.”

https://www.thetimes.co.uk/article/stay ... 25501114-1

[Jobless Oddball]

Shortages are causing crazy prices everywhere. You're just coming out of the pandemic and are several months behind us. It's about to be a hell of a ride. The pumps have been primed with billions or trillions in QE from our central banks. The supply chains are out of whack. There are labor shortages. Hell, we can't hardly buy a new car and used cars are selling for more than they did new.

Yeah but come on, there's crazy and theres insane and this is utter insanity fueled by outright greed. To compare price I looked at costs staying at The Ritz, one of Londons top ranking five star hotels oozing in splendour. This is the sort of place only the seriously wealthy can afford, not a 3 bedroomed house on an estate which would normally rent for three or four grand a month.

A seven day stay at The Ritz for 2 adults and three children, same week in August, £34,320.

https://www.theritzlondon.com/?scid=bb1 ... JpZGU%3D#/

I've heard you can get a night at the Ritz for less than 500 nicker!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

[Grafenwalder]

Shortages are causing crazy prices everywhere. You're just coming out of the pandemic and are several months behind us. It's about to be a hell of a ride. The pumps have been primed with billions or trillions in QE from our central banks. The supply chains are out of whack. There are labor shortages. Hell, we can't hardly buy a new car and used cars are selling for more than they did new.

Yeah but come on, there's crazy and theres insane and this is utter insanity fueled by outright greed. To compare price I looked at costs staying at The Ritz, one of Londons top ranking five star hotels oozing in splendour. This is the sort of place only the seriously wealthy can afford, not a 3 bedroomed house on an estate which would normally rent for three or four grand a month.

A seven day stay at The Ritz for 2 adults and three children, same week in August, £34,320.

https://www.theritzlondon.com/?scid=bb1 ... JpZGU%3D#/

I've heard you can get a night at the Ritz for less than 500 nicker!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Bargain Brits will be flocking there at those rates. Less than a third the cost per night of the silly Suffolk cottage plus you'd get room service!