SECOND HOMES

SECOND HOMES

1. Governments New Help to Buy Scheme

   • 'Can help wealthy buy second homes'
   • Pros and Cons

2. Council Tax

   • Due to end in April 2013 will they increase it?

3. The impact of people buying second homes on the property market

   • Property prices and rent increase
     • Youth unemployment
     • Homelessness
   • Local buyers cannot afford to buy

4. Look at the effect second homes has in Cornwall or London

5. Solutions

   • Increase the tax to put second home buyers off
   • Ensure that the New help to buy scheme is only available to FTB

6. HYPOTHESIS

   • 'SECOND HOMES ARE HELPING THE PROPERTY MARKET TO MOVE'

7. QUESTIONNAIRE

   • ASK A COUPLE OF ESTATE AGENTS IN CORNWALL WHAT IS THEIR OPINNON ON THE MATTER

8. Why are people wanting to buy second homes?

   • Recession - cheaper prices / time to buy
     • not many buyers around so high supply - low demand
   • Investors buying them in prime locations i.e. tourist attractions, major cities i.e. London.

9. DEFINITION OF SECOND HOMES