Top 10 Second Home Hotspots
While overall, the numbers of second home purchases have remained fairly flat, their concentration into 10-15 local authorities has steadily increased. Here, in the top 10 hotspots spread throughout the country, at least one in 10 properties are bought by someone looking for a second home.ÂAcross Great Britain during 2021 and 2022, 1.8% of all homes were sold as an additional residence, down from an average of 2% in 2020. Since 2021, Wales and the South East have propped up the average, accounting for almost half of all second homes bought nationally. They also saw the highest proportion of second home purchases, with Wales leading the charge at 5.7%.
The South West had the highest share of second home purchases, accounting for just over a third of all the second homes bought (34%). Home to picturesque holiday locations such as Bath and Devon this lion’s share has steadily increased over time. This contrasts wildly from the opposite corner of the country - the North East - where only 1% of all second homes were bought since 2021.
