Returning to the paper on tourism which we first commented on last Monday.
In the paper it is stated – House price inflation due to high levels of second home ownership is identified as a pressing social concern in the region, although retirement migration, low regional wage levels and strict planning regulations play a part.
Dykes and Walmsley, The Reluctant tourist? An exploration of second home owners’ perceptions of their impacts on North Cornwall, UK, European Journal of Tourism, Hospitality and Recreation. 2015.
What can we say?
Retirement migration – yes thats a factor but then so is migration of working age households.
Low regional wage levels? Low wages in Cornwall cannot create house price inflation. In fact if house prices in Cornwall reflected earnings they would be far lower than they are now.
Strict planning regulations? Presumably the idea here is that planning regulations are stopping more houses being built to accommodate more second home owners? We think not. The evidence is to the contrary. Cornwall has very high house building rate in relation to its population and existing housing stock.