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Wednesday, November 09, 2011

Holiday home market struggles

Many holiday home owners are having a bleak time of it. 
Those who are trying to sell are struggling to find buyers as the good times seem about as far away as the summer of 77.

This FT article outlines the dried up demand that continues to force prices down in the traditional hotspots of the South-west, Suffolk and the Cotswolds.

The situation wont be helped by the proposal to reduce tax benefits on second homes.

What we really need now is a few hot British summers to cheer us all up.

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