d. Second home ownership; working on legislation to ensure everyone contributes
The second homes market represents nearly 9% of Cornwall’s housing stock overall and exceeds 20% in 47 out of our 213 Parishes. The average cost of housing is 8.4 times the average annual salary (compared to 6.7 nationally) which puts home ownership beyond the reach of many people.
An increasing number of Cornwall’s towns and villages have more than 1 in 5 dwellings classed as second homes, which are distinct from holiday homes in that they are invariably empty for large periods of the year.
Some of the owners of these homes do not pay either council tax or business rates, seeking exemptions that mean that no contribution towards essential services is made. We want to start a dialogue with Government on how this can be overcome through legislation, and would welcome the opportunity to discuss how this could be developed.
New Frontiers – a proposition to Government that builds on the Cornwall Deal and increases our economic, environmental and social resilience!
The full report can be found at:https://democracy.cornwall.gov.uk/mgChooseDocPack.aspx?ID=7599