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The Times:
Ban on second homes backfires in Cornwall

20 July 2019

A study at the London School of Economics has found that such bans damage local construction and tourism industries. At the same time, outsiders, who are banned from new-build homes, flood the market for older places, pushing prices even higher. Developers are also likely to scale back the supply of their newly built homes because they are no longer as lucrative.
Christian Hilber, of the LSE, found that the policy worked to the detriment of "younger renters [and] would-be buyers ... who work locally, typically in the adversely affected industries".

Read more... The Times