Vacation property
Encyclopedia
Vacation property is a niche
in the real estate market dealing with residences used for holiday vacations (e.g. beach house
). In the United Kingdom
this type of property is usually termed a holiday home, in Australia, a holiday house/home, or weekender, in New Zealand, a bach
or crib. In the United States
the most common designation is second home.
A second home or vacation home can be a home owner's asset as renting it could provide additional income. Many vacationers are opting for a single family residence that they can rent on a nightly or weekly basis. In many cases the savings for them are significant compared to hotels or vacation packages. For owners it can be as rewarding as paying the mortgage. As people begin to realize this trend vacation type properties are becoming popular not only for existing homes but also for building one.
, Wales
, compared to the figure of 1% for the whole of Wales. Only in Gwynedd
has the council has put in place measures to control the number of holiday homes. But they only control new developments, by withholding permission where consent is likely to raise the figure in any community above 10%, they do not stop anyone from buying a holiday home.
and the Isles of Scilly
was calculated to be 5.6% in 2004 and 2006, this is the region which has the highest number of second homes in England
. Within a year alone, between 2004 and 2005, the percentage of holiday/second homes in England increased by 3.3%.
There were 29,299 holiday/summer homes in Scotland on the 2001 Scottish Census, which accounted for 1.3% of Scotland's housing stock. This figure was 19,756 in 1981, but the majority of the increase occurred during the 1990s. The greatest increase was seen in urban areas, contrary to the usual trends, and increased especially in Edinburgh
and Aberdeen
. But the majority of holiday/second homes are still to be found in rural areas, notably, 47% of these are to be found in the remote rural areas, where one in every eight house is a holiday or second home.
is also fairly high: approximately 10% of all the housing stock is a holiday or second home, but the majority of these are owned by French. There are approximately 300,000 homes, or 1% of the total housing stock which are the property of owners from abroad. Of this percentage 28% are owned by British owners, 14% Italian, 10% Belgian, 8% Dutch, 3% Spanish and 3% American.
In 2000, 3,578,718, or 3.09% of the United States
' housing stock, were holiday or second homes, compared with 2.66% in 1990, and 1.87% in 1980. 26% of all these are located in the north-eastern states, with approximately 250,199 (7% of all the second homes in the U.S.) located in New York
, and Maine
having the largest percentage of its housing stock as second homes.
in the United Kingdom
, as the property is vacant for much of the year. This is no longer true in many counties, including Carmarthenshire
; if the property is empty (but furnished) no discount is permitted and the owner will be liable to pay the tax in full. But, In Cornwall, since 2004 second home owners can claim a 10% discount in their counciltax. Prior to 2004, they could claim a 50% discount in Cornwall, they are still able to claim 50% in many other areas in England. The Welsh movement, Cymuned, promote the principle that owners of holiday homes should pay double the standard rate of council tax, as they do not otherwise invest in the local community. Testimony of this is t be seen in a report on the effect of holiday homes in Scotland, which found that those who went on holiday to Scotland spent an average of £57 a day, in comparison to just £32 a day spent by those visiting their holiday or second homes.
to protect the indigenous language and culture.
and technologies such as telephony
and personal digital assistant
s that allow people to work from home since circa 1995 has blurred the division between vacation property and a primary residence
. Some business people, including the British entrepreneur Richard Branson
, use their luxury real estate
for both business and leisure purposes.
Many internet services have developed to connect short term rental customers with owners or brokers of vacation properties.
Niche real estate
A niche is specialized sector of the property market. Examples include income property, garden real estate, condos, equestrian property, vacation property, farm property, golf property, waterfront homes, beach houses and luxury homes. These are often categories in which potential buyers think...
in the real estate market dealing with residences used for holiday vacations (e.g. beach house
Beach house
A beach house is a house on or near a beach, generally used as a vacation or second home for people who commute to the house on weekends or during vacation periods....
). In the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
this type of property is usually termed a holiday home, in Australia, a holiday house/home, or weekender, in New Zealand, a bach
Bach (New Zealand)
A bach is a small, often very modest holiday home or beach house. Alternatively called a crib, they are an iconic part of New Zealand history and culture, especially in the middle of the 20th century, where they symbolized the beach holiday lifestyle that was becoming more accessible to the...
or crib. In the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
the most common designation is second home.
A second home or vacation home can be a home owner's asset as renting it could provide additional income. Many vacationers are opting for a single family residence that they can rent on a nightly or weekly basis. In many cases the savings for them are significant compared to hotels or vacation packages. For owners it can be as rewarding as paying the mortgage. As people begin to realize this trend vacation type properties are becoming popular not only for existing homes but also for building one.
United Kingdom
| Holiday/second homes in England, 2006 | ||
| Region | Number | % |
| Cornwall Cornwall Cornwall is a unitary authority and ceremonial county of England, within the United Kingdom. It is bordered to the north and west by the Celtic Sea, to the south by the English Channel, and to the east by the county of Devon, over the River Tamar. Cornwall has a population of , and covers an area of... and the Isles of Scilly Isles of Scilly The Isles of Scilly form an archipelago off the southwestern tip of the Cornish peninsula of Great Britain. The islands have had a unitary authority council since 1890, and are separate from the Cornwall unitary authority, but some services are combined with Cornwall and the islands are still part... |
13,458 | 5.6% |
| Cumbria Cumbria Cumbria , is a non-metropolitan county in North West England. The county and Cumbria County Council, its local authority, came into existence in 1974 after the passage of the Local Government Act 1972. Cumbria's largest settlement and county town is Carlisle. It consists of six districts, and in... |
7,906 | 3.4% |
| Dorset Dorset Dorset , is a county in South West England on the English Channel coast. The county town is Dorchester which is situated in the south. The Hampshire towns of Bournemouth and Christchurch joined the county with the reorganisation of local government in 1974... |
10,540 | 3.2% |
| Norfolk Norfolk Norfolk is a low-lying county in the East of England. It has borders with Lincolnshire to the west, Cambridgeshire to the west and southwest and Suffolk to the south. Its northern and eastern boundaries are the North Sea coast and to the north-west the county is bordered by The Wash. The county... |
11,857 | 3.1% |
| Devon Devon Devon is a large county in southwestern England. The county is sometimes referred to as Devonshire, although the term is rarely used inside the county itself as the county has never been officially "shired", it often indicates a traditional or historical context.The county shares borders with... |
14,813 | 3.0% |
| East Sussex East Sussex East Sussex is a county in South East England. It is bordered by the counties of Kent, Surrey and West Sussex, and to the south by the English Channel.-History:... |
7,583 | 2.1% |
| Northumberland Northumberland Northumberland is the northernmost ceremonial county and a unitary district in North East England. For Eurostat purposes Northumberland is a NUTS 3 region and is one of three boroughs or unitary districts that comprise the "Northumberland and Tyne and Wear" NUTS 2 region... |
2,805 | 2.0% |
| North Yorkshire North Yorkshire North Yorkshire is a non-metropolitan or shire county located in the Yorkshire and the Humber region of England, and a ceremonial county primarily in that region but partly in North East England. Created in 1974 by the Local Government Act 1972 it covers an area of , making it the largest... |
7,074 | 1.9% |
| West Sussex West Sussex West Sussex is a county in the south of England, bordering onto East Sussex , Hampshire and Surrey. The county of Sussex has been divided into East and West since the 12th century, and obtained separate county councils in 1888, but it remained a single ceremonial county until 1974 and the coming... |
6,266 | 1.8% |
| Suffolk Suffolk Suffolk is a non-metropolitan county of historic origin in East Anglia, England. It has borders with Norfolk to the north, Cambridgeshire to the west and Essex to the south. The North Sea lies to the east... |
5,414 | 1.8% |
Wales
Holiday homes and second homes comprise 14% of the housing stock in SnowdoniaSnowdonia
Snowdonia is a region in north Wales and a national park of in area. It was the first to be designated of the three National Parks in Wales, in 1951.-Name and extent:...
, Wales
Wales
Wales is a country that is part of the United Kingdom and the island of Great Britain, bordered by England to its east and the Atlantic Ocean and Irish Sea to its west. It has a population of three million, and a total area of 20,779 km²...
, compared to the figure of 1% for the whole of Wales. Only in Gwynedd
Gwynedd
Gwynedd is a county in north-west Wales, named after the old Kingdom of Gwynedd. Although the second biggest in terms of geographical area, it is also one of the most sparsely populated...
has the council has put in place measures to control the number of holiday homes. But they only control new developments, by withholding permission where consent is likely to raise the figure in any community above 10%, they do not stop anyone from buying a holiday home.
England
The number in CornwallCornwall
Cornwall is a unitary authority and ceremonial county of England, within the United Kingdom. It is bordered to the north and west by the Celtic Sea, to the south by the English Channel, and to the east by the county of Devon, over the River Tamar. Cornwall has a population of , and covers an area of...
and the Isles of Scilly
Isles of Scilly
The Isles of Scilly form an archipelago off the southwestern tip of the Cornish peninsula of Great Britain. The islands have had a unitary authority council since 1890, and are separate from the Cornwall unitary authority, but some services are combined with Cornwall and the islands are still part...
was calculated to be 5.6% in 2004 and 2006, this is the region which has the highest number of second homes in England
England
England is a country that is part of the United Kingdom. It shares land borders with Scotland to the north and Wales to the west; the Irish Sea is to the north west, the Celtic Sea to the south west, with the North Sea to the east and the English Channel to the south separating it from continental...
. Within a year alone, between 2004 and 2005, the percentage of holiday/second homes in England increased by 3.3%.
Scotland
| Holiday/second homes in Scotland, 2006 |
|
| Region | % |
| Argyll and Bute Argyll and Bute Argyll and Bute is both one of 32 unitary council areas; and a Lieutenancy area in Scotland. The administrative centre for the council area is located in Lochgilphead.Argyll and Bute covers the second largest administrative area of any Scottish council... |
11.1% |
| Eilean Siar | 7.2% |
| Scottish Highlands Scottish Highlands The Highlands is an historic region of Scotland. The area is sometimes referred to as the "Scottish Highlands". It was culturally distinguishable from the Lowlands from the later Middle Ages into the modern period, when Lowland Scots replaced Scottish Gaelic throughout most of the Lowlands... |
6.2% |
| Orkney Islands Orkney Islands Orkney also known as the Orkney Islands , is an archipelago in northern Scotland, situated north of the coast of Caithness... |
5.3% |
| Shetland Islands Shetland Islands Shetland is a subarctic archipelago of Scotland that lies north and east of mainland Great Britain. The islands lie some to the northeast of Orkney and southeast of the Faroe Islands and form part of the division between the Atlantic Ocean to the west and the North Sea to the east. The total... |
3.6% |
| Perth and Kinross Perth and Kinross Perth and Kinross is one of 32 council areas in Scotland, and a Lieutenancy Area. It borders onto the Aberdeenshire, Angus, Dundee City, Fife, Clackmannanshire, Stirling, Argyll and Bute and Highland council areas. Perth is the administrative centre... |
3.1% |
| North Ayrshire North Ayrshire North Ayrshire is one of 32 council areas in Scotland with a population of roughly 136,000 people. It is located in the south-west region of Scotland, and borders the areas of Inverclyde to the north, Renfrewshire to the north-east and East Ayrshire and South Ayrshire to the East and South... |
2.4% |
| Dumfries and Galloway Dumfries and Galloway Dumfries and Galloway is one of 32 unitary council areas of Scotland. It was one of the nine administrative 'regions' of mainland Scotland created in 1975 by the Local Government etc. Act 1973... |
2.3% |
| Scottish borders Scottish Borders The Scottish Borders is one of 32 local government council areas of Scotland. It is bordered by Dumfries and Galloway in the west, South Lanarkshire and West Lothian in the north west, City of Edinburgh, East Lothian, Midlothian to the north; and the non-metropolitan counties of Northumberland... |
2.3% |
| Moray Moray Moray is one of the 32 council areas of Scotland. It lies in the north-east of the country, with coastline on the Moray Firth, and borders the council areas of Aberdeenshire and Highland.- History :... |
2.2% |
| Aberdeenshire Aberdeenshire Aberdeenshire is one of the 32 unitary council areas in Scotland and a lieutenancy area.The present day Aberdeenshire council area does not include the City of Aberdeen, now a separate council area, from which its name derives. Together, the modern council area and the city formed historic... |
1.8% |
| South Ayrshire South Ayrshire South Ayrshire is one of 32 council areas of Scotland, covering the southern part of Ayrshire. It borders onto East Ayrshire, North Ayrshire and Dumfries and Galloway.... |
1.5% |
| Stirling Stirling Stirling is a city and former ancient burgh in Scotland, and is at the heart of the wider Stirling council area. The city is clustered around a large fortress and medieval old-town beside the River Forth... |
1.4% |
| East Lothian East Lothian East Lothian is one of the 32 council areas of Scotland, and a lieutenancy Area. It borders the City of Edinburgh, Scottish Borders and Midlothian. Its administrative centre is Haddington, although its largest town is Musselburgh.... |
1.2% |
| Angus Angus Angus is one of the 32 local government council areas of Scotland, a registration county and a lieutenancy area. The council area borders Aberdeenshire, Perth and Kinross and Dundee City... |
1.1% |
| Fife Fife Fife is a council area and former county of Scotland. It is situated between the Firth of Tay and the Firth of Forth, with inland boundaries to Perth and Kinross and Clackmannanshire... |
0.9% |
| Edinburgh Edinburgh Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area... |
0.7% |
| Aberdeen Aberdeen Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 25th most populous city, with an official population estimate of .... |
0.6% |
| Clackmannanshire Clackmannanshire Clackmannanshire, often abbreviated to Clacks is a local government council area in Scotland, and a lieutenancy area, bordering Perth and Kinross, Stirling and Fife.As Scotland's smallest historic county, it is often nicknamed 'The Wee County'.... |
0.2% |
| Dundee Dundee Dundee is the fourth-largest city in Scotland and the 39th most populous settlement in the United Kingdom. It lies within the eastern central Lowlands on the north bank of the Firth of Tay, which feeds into the North Sea... |
0.2% |
| East Ayrshire East Ayrshire East Ayrshire is one of 32 council areas of Scotland. It borders on to North Ayrshire, East Renfrewshire, South Lanarkshire, South Ayrshire and Dumfries and Galloway... |
0.2% |
| Falkirk Falkirk Falkirk is a town in the Central Lowlands of Scotland. It lies in the Forth Valley, almost midway between the two most populous cities of Scotland; north-west of Edinburgh and north-east of Glasgow.... |
0.2% |
| Glasgow Glasgow Glasgow is the largest city in Scotland and third most populous in the United Kingdom. The city is situated on the River Clyde in the country's west central lowlands... |
0.2% |
| Inverclyde Inverclyde Inverclyde is one of 32 council areas used for local government in Scotland. Together with the Renfrewshire and East Renfrewshire council areas, Inverclyde forms part of the historic county of Renfrewshire - which current exists as a registration county and lieutenancy area - located in the west... |
0.2% |
| South Lanarkshire South Lanarkshire South Lanarkshire is one of 32 unitary council areas of Scotland, covering the southern part of the former county of Lanarkshire. It borders the south-east of the city of Glasgow and contains many of Glasgow's suburbs, commuter towns and smaller villages.... |
0.2% |
| West Dunbartonshire West Dunbartonshire West Dunbartonshire is one of the 32 local government council areas of Scotland. Bordering onto the west of the City of Glasgow, containing many of Glasgow's commuter towns and villages as well as the city's suburbs, West Dunbartonshire also borders onto Argyll and Bute, Stirling, East... |
0.2% |
| East Dunbartonshire East Dunbartonshire This article is about the East Dunbartonshire council area of Scotland. See also East Dunbartonshire .East Dunbartonshire is one of the 32 council areas of Scotland. It borders onto the north-west of the City of Glasgow. It contains many of the suburbs of Glasgow as well as containing many of... |
0.1% |
| East Renfrewshire East Renfrewshire East Renfrewshire is one of 32 council areas of Scotland. Until 1975 it formed part of the county of Renfrewshire for local government purposes along with the modern council areas of Renfrewshire and Inverclyde... |
0.1% |
| North Lanarkshire North Lanarkshire North Lanarkshire is one of 32 council areas in Scotland. It borders onto the northeast of the City of Glasgow and contains much of Glasgow's suburbs and commuter towns and villages. It also borders Stirling, Falkirk, East Dunbartonshire, West Lothian and South Lanarkshire... |
0.1% |
| Renfrewshire Renfrewshire Renfrewshire is one of 32 council areas used for local government in Scotland. Located in the west central Lowlands, it is one of three council areas contained within the boundaries of the historic county of Renfrewshire, the others being Inverclyde to the west and East Renfrewshire to the east... |
0.1% |
| West Lothian West Lothian West Lothian is one of the 32 unitary council areas in Scotland, and a Lieutenancy area. It borders the City of Edinburgh, Falkirk, North Lanarkshire, the Scottish Borders and South Lanarkshire.... |
0.1% |
There were 29,299 holiday/summer homes in Scotland on the 2001 Scottish Census, which accounted for 1.3% of Scotland's housing stock. This figure was 19,756 in 1981, but the majority of the increase occurred during the 1990s. The greatest increase was seen in urban areas, contrary to the usual trends, and increased especially in Edinburgh
Edinburgh
Edinburgh is the capital city of Scotland, the second largest city in Scotland, and the eighth most populous in the United Kingdom. The City of Edinburgh Council governs one of Scotland's 32 local government council areas. The council area includes urban Edinburgh and a rural area...
and Aberdeen
Aberdeen
Aberdeen is Scotland's third most populous city, one of Scotland's 32 local government council areas and the United Kingdom's 25th most populous city, with an official population estimate of ....
. But the majority of holiday/second homes are still to be found in rural areas, notably, 47% of these are to be found in the remote rural areas, where one in every eight house is a holiday or second home.
France
The figure in FranceFrance
The French Republic , The French Republic , The French Republic , (commonly known as France , is a unitary semi-presidential republic in Western Europe with several overseas territories and islands located on other continents and in the Indian, Pacific, and Atlantic oceans. Metropolitan France...
is also fairly high: approximately 10% of all the housing stock is a holiday or second home, but the majority of these are owned by French. There are approximately 300,000 homes, or 1% of the total housing stock which are the property of owners from abroad. Of this percentage 28% are owned by British owners, 14% Italian, 10% Belgian, 8% Dutch, 3% Spanish and 3% American.
The United States of America
| Holiday/second homes in north east U.S.A., 2000 |
||
| State | Number | % |
| Maine Maine Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost... |
103,569 | 15.89% |
| Vermont Vermont Vermont is a state in the New England region of the northeastern United States of America. The state ranks 43rd in land area, , and 45th in total area. Its population according to the 2010 census, 630,337, is the second smallest in the country, larger only than Wyoming. It is the only New England... |
44,006 | 14.95% |
| New Hampshire New Hampshire New Hampshire is a state in the New England region of the northeastern United States of America. The state was named after the southern English county of Hampshire. It is bordered by Massachusetts to the south, Vermont to the west, Maine and the Atlantic Ocean to the east, and the Canadian... |
57,251 | 10.47% |
| Delaware Delaware Delaware is a U.S. state located on the Atlantic Coast in the Mid-Atlantic region of the United States. It is bordered to the south and west by Maryland, and to the north by Pennsylvania... |
26,600 | 7.75% |
| Massachusetts Massachusetts The Commonwealth of Massachusetts is a state in the New England region of the northeastern United States of America. It is bordered by Rhode Island and Connecticut to the south, New York to the west, and Vermont and New Hampshire to the north; at its east lies the Atlantic Ocean. As of the 2010... |
97,434 | 3.72% |
| New Jersey New Jersey New Jersey is a state in the Northeastern and Middle Atlantic regions of the United States. , its population was 8,791,894. It is bordered on the north and east by the state of New York, on the southeast and south by the Atlantic Ocean, on the west by Pennsylvania and on the southwest by Delaware... |
115,439 | 3.49% |
| New York | 250,199 | 3.26% |
| Rhode Island Rhode Island The state of Rhode Island and Providence Plantations, more commonly referred to as Rhode Island , is a state in the New England region of the United States. It is the smallest U.S. state by area... |
13,624 | 3.10% |
| Pennsylvania Pennsylvania The Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to... |
154,495 | 2.94% |
| Maryland Maryland Maryland is a U.S. state located in the Mid Atlantic region of the United States, bordering Virginia, West Virginia, and the District of Columbia to its south and west; Pennsylvania to its north; and Delaware to its east... |
42,541 | 1.98% |
| Connecticut Connecticut Connecticut is a state in the New England region of the northeastern United States. It is bordered by Rhode Island to the east, Massachusetts to the north, and the state of New York to the west and the south .Connecticut is named for the Connecticut River, the major U.S. river that approximately... |
25,565 | 1.84% |
| District of Columbia Washington, D.C. Washington, D.C., formally the District of Columbia and commonly referred to as Washington, "the District", or simply D.C., is the capital of the United States. On July 16, 1790, the United States Congress approved the creation of a permanent national capital as permitted by the U.S. Constitution.... |
2,811 | 1.02% |
| West Virginia West Virginia West Virginia is a state in the Appalachian and Southeastern regions of the United States, bordered by Virginia to the southeast, Kentucky to the southwest, Ohio to the northwest, Pennsylvania to the northeast and Maryland to the east... |
38,326 | 0.54% |
In 2000, 3,578,718, or 3.09% of the United States
United States
The United States of America is a federal constitutional republic comprising fifty states and a federal district...
' housing stock, were holiday or second homes, compared with 2.66% in 1990, and 1.87% in 1980. 26% of all these are located in the north-eastern states, with approximately 250,199 (7% of all the second homes in the U.S.) located in New York
New York
New York is a state in the Northeastern region of the United States. It is the nation's third most populous state. New York is bordered by New Jersey and Pennsylvania to the south, and by Connecticut, Massachusetts and Vermont to the east...
, and Maine
Maine
Maine is a state in the New England region of the northeastern United States, bordered by the Atlantic Ocean to the east and south, New Hampshire to the west, and the Canadian provinces of Quebec to the northwest and New Brunswick to the northeast. Maine is both the northernmost and easternmost...
having the largest percentage of its housing stock as second homes.
Council tax
Second home and holiday home owners used to be able to claim discounts in their council taxCouncil tax
Council Tax is the system of local taxation used in England, Scotland and Wales to part fund the services provided by local government in each country. It was introduced in 1993 by the Local Government Finance Act 1992, as a successor to the unpopular Community Charge...
in the United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
, as the property is vacant for much of the year. This is no longer true in many counties, including Carmarthenshire
Carmarthenshire
Carmarthenshire is a unitary authority in the south west of Wales and one of thirteen historic counties. It is the 3rd largest in Wales. Its three largest towns are Llanelli, Carmarthen and Ammanford...
; if the property is empty (but furnished) no discount is permitted and the owner will be liable to pay the tax in full. But, In Cornwall, since 2004 second home owners can claim a 10% discount in their counciltax. Prior to 2004, they could claim a 50% discount in Cornwall, they are still able to claim 50% in many other areas in England. The Welsh movement, Cymuned, promote the principle that owners of holiday homes should pay double the standard rate of council tax, as they do not otherwise invest in the local community. Testimony of this is t be seen in a report on the effect of holiday homes in Scotland, which found that those who went on holiday to Scotland spent an average of £57 a day, in comparison to just £32 a day spent by those visiting their holiday or second homes.
Financial and Legal Implications
Furnished holiday lettings offer other tax relief providing certain conditions are met. The current conditions are:- It should be available for commercial letting to the public for a total of 140 days in the 12 month period.
- It must be let for at least 70 days in the 12 month period. (Where more than one qualifying property is held, it is possible to average the number of days all properties are let in total in order to meet this condition.)
- The total periods of long term occupation may not exceed 155 days during the 12 month period.
Community
Owners of holiday homes will occasionally move to their second homes permanently upon retirement, this can be a threat to the culture of an area, especially in Wales where the influx of non-Welsh speakers effects the percentage of Welsh speakers in the area and reduces the use of Welsh in everyday life. Hundreds of second homes were burnt between 1979 and the mid-1990s as a part of a campaign by nationalist movement Meibion GlyndŵrMeibion Glyndwr
Meibion Glyndŵr was a Welsh nationalist movement violently opposed to the loss of Welsh culture and language. They were formed in response to the housing crisis precipitated by large numbers of houses being bought by wealthy English people for use as holiday homes, pushing up house prices beyond...
to protect the indigenous language and culture.
Effect of technology
The rapid development of the InternetInternet
The Internet is a global system of interconnected computer networks that use the standard Internet protocol suite to serve billions of users worldwide...
and technologies such as telephony
Telephony
In telecommunications, telephony encompasses the general use of equipment to provide communication over distances, specifically by connecting telephones to each other....
and personal digital assistant
Personal digital assistant
A personal digital assistant , also known as a palmtop computer, or personal data assistant, is a mobile device that functions as a personal information manager. Current PDAs often have the ability to connect to the Internet...
s that allow people to work from home since circa 1995 has blurred the division between vacation property and a primary residence
Primary residence
A person's primary residence is the dwelling where they usually live, typically a house or an apartment. A person can only have one primary residence at any given time, though they may share the residence with other people...
. Some business people, including the British entrepreneur Richard Branson
Richard Branson
Sir Richard Charles Nicholas Branson is an English business magnate, best known for his Virgin Group of more than 400 companies....
, use their luxury real estate
Luxury real estate
Luxury real estate is the real estate market niche targeted at the highest socio-economic group of consumers. -Definition:The characteristics that define luxury real estate differ among countries...
for both business and leisure purposes.
Many internet services have developed to connect short term rental customers with owners or brokers of vacation properties.