Seconds out on second homes
As the market becomes more polarised, so the debate on second homes becomes more intense. But is government intervention justified, asks Savills’ Sophie Chick With households struggling to get...
May 23, 2013
As the market becomes more polarised, so the debate on second homes becomes more intense. But is government intervention justified, asks Savills’ Sophie Chick
With households struggling to get onto the housing ladder, the issue of second home ownership, whether that be in the garden squares of central London or along the attractive British coastline, has rarely been more emotive.Arguments that second home ownership makes housing unaffordable to local residents and deprives communities of social vibrancy have come to the fore.Not only have council tax discounts for second homes come under scrutiny, but questions have been raised by local authorities and lobbyists such as the Campaign to Protect Rural England (CPRE) as to whether second home ownership should be regulated through the planning system or be the subject of additional taxes.
Sophie Chick is an associate within Savills Residential research department. She researches all aspects of the housing market, specialising in monitoring the prime residential markets across London and the UK, and is responsible for overseeing much of the department’s in-house data, notably the development of the prime property indices and the supply and demand indicators.
Chick regularly writes commentary on the market, articles in various department publications and provides bespoke research for both local and national press. In addition, she presents Savills views on the residential property market and outlook both internally and externally. She joined Savills research department in early 2010 having previously graduated from the University of Bristol with an MSci (Hons) in physics with a year in Europe.
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