Sunday, 22 May 2011

A second home need not be just a distant dream - Mortgages, Money - The Independent

A second home need not be just a distant dream - Mortgages, Money - The Independent

Among the gloom of the housing market one small beacon continues to shine: the second home sector grew again last year, rising marginally on 2009's strong performance, according to the latest data from estate agents Knight Frank.

The rise means there are now 245,750 homes across England that have been brought as holiday homes or lets. And although the increase was just 500 or so properties, Liam Bailey, the head of residential research at Knight Frank, says it proves that the 2.6 per cent growth in 2009 was not an aberration.

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