The study, Home Truths 2016/17, found that places in
the likes of North Norfolk, West Somerset, South Devon and West Sussex saw high
numbers of second home ownership. This distorts the respective housing market
and pushes up house prices – making it impossible for local people to buy a
home in their own community and expensive for them to rent.
Hastoe Housing Association
is a leading provider of affordable homes in rural areas and has many housing
developments in rural communities. With emphasis on providing sustainable
housing in sustainable communities, Hastoe is dedicated to tackling the ever
increasing housing problem in rural areas.
Sue Chalkley, Chief
Executive at Hastoe said: “These figures, whilst disappointing, are not a surprise.
The number of second homes in this country is staggering. The housing market,
particularly in rural areas, is often severely distorted by second home
ownership, holiday lets, expensive housing and the high cost of living. It
greatly affects communities and results in young families moving out in
Hastoe, we strive to support rural communities by working with
them to provide affordable housing for local people. The
homes we build are held for the local community in perpetuity, decreasing the
chance of second home ownership in areas that don’t require it and instead
allow locals to live where they grew up, form a family and not be priced out of
levels of second home ownership make it harder for people buy a home that they
can afford. While the recent announcement of Government funding to support
communities affected by second home ownership is welcome, it is important that
areas such as North Norfolk, West Somerset, West Sussex and South Devon look to
build more affordable housing – to rent as well as to buy – to provide a chance
for small communities to continue to thrive and be together."
Hastoe Group is the
leading rural affordable housing specialist and operates on a not-for-profit
basis, with four subsidiaries (Hastoe Homes, Sustainable Homes, Hastoe Wyvern
and Hastoe Capital plc). Hastoe owns and manages over 7,000 homes in southern
England for affordable housing through letting and shared ownership. Half of
these homes are in rural areas. Hastoe works closely with its residents to
ensure it provides sustainable homes in sustainable communities. Further
information can be found at: www.hastoe.com
We deliver homes that people can afford
We invest in people and communities
We are in it for the long-term.
Responding to the problem of second homes, in
December 2016, the Government announced a new annual £60million fund – The
Community Housing Fund – to help 150 local authorities in rural and coastal
areas deliver affordable housing aimed at first-time buyers.