Knight Frank reports 2009 increase in second homes
Louise Border
Date posted: 03 Mar 2010
Knight Frank has recorded a yearly increase in the volume of second homes that are based in England.
According to the property firm, the country hosted more than 245,300 second homes last year, following a 2.6 per cent rise.
Knight Frank's Liam Bailey believes that a variety of factors have encouraged people to make second home purchases in recent times, including the weakened pound and reduced interest rates.
Knight Frank has recorded a yearly increase in the volume of second homes that are based in England.
According to the property firm, the country hosted more than 245,300 second homes last year, following a 2.6 per cent rise.
Knight Frank''s Liam Bailey believes that a variety of factors have encouraged people to make second home purchases in recent times, including the weakened pound and reduced interest rates.
Mr Bailey, head of residential research at the organisation, commented: "Looking forward to 2010, our view is that growth in demand ought to continue - but the potential growth in second home numbers will be determined by the supply of properties for sale."
The expert has also pointed out that second homes have proven to be popular investments in Devon''s South Hams region.
In total, the year 2009 saw a further 6,212 second homes recorded by Knight Frank in England.
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