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The Times (London):
Second-home ban 'has priced out locals'

1 November 2019

The study by the London School of Economics argued that the ban had damaged the local construction and tourism industries. It was claimed that it had caused the pool of available homes to shrink as housebuilders walked away, leading to even higher prices. Professor Christian Hilber, who led the study, said: "This has led to an increase in the price of existing homes, as summer dwellers are competing for existing homes with local residents." He added: "Tourist towns can restrict second-home investors, with possibly positive effects on affordability, but this comes at the cost of a significant adverse effect on the local economy."
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