One of the factors pushing up house prices in Cornwall is that using a residential property for a holiday let can result in a good return on the investment. Very often purchasers of homes for holiday lets have more resources than those looking for a house to live in, making it more difficult for them to afford a property.
But how many holiday lets are there in Cornwall?
Luckily ‘Hometogo’ states how many properties there are listed. Now we cannot know if all holiday lets are included but the figures give an idea.
We have: 10,462 houses and 2,464 apartments, a total of 12,926 properties. Thats about 5% of the housing stock.
Now some of these could also be holiday homes let out for part of the year, so simply adding on second homes might exaggerate the total, but we will come to that later!