Showing posts with label second homes. Show all posts
Showing posts with label second homes. Show all posts

Monday, 19 April 2021

Driven out

For some years now there have been angry complaints from people in more desirable parts of the country that their children are being driven out of the area by wealthy incomers pushing up property prices to levels the locals can no longer afford.

Politicians are taking all sorts of counter-measures but none of them seem to have much effect, and the proliferation of expensive second homes and holiday homes in attractive areas continues apace.

It seems to me that as long as outsiders can afford hefty prices for local homes, and as long as residents can enjoy a large profit by selling up, the trend to "colonise" picturesque villages and towns - and appealing parts of cities - can only continue.

I think the politicians who are trying to turn back the tide are onto a losing battle, but they're reluctant to make the obvious suggestion - that if the locals can no longer afford the rocketing house prices, then there's actually nothing wrong with moving some place where property is cheaper.

After all, that's what Jenny and I did, and it's worked out very well for us. We gave up on Islington, one of the most expensive parts of London, because we couldn't afford to move from a flat to a house. We sold our flat and left for Belfast, where we were able to buy a semi-detached house for cash, with plenty of money left over.

A lot of Londoners defeated by the property prices are now heading for cheaper cities and towns where not only are houses affordable but the quality of life is better - less congestion, a slower pace, friendlier people and lots of nearby beauty spots. Often they wonder why they didn't make the move much earlier.

Being driven out could be a blessing in disguise.

Friday, 20 April 2007

Donegal dream

The big dream of many people in Northern Ireland is to retire to a little cottage set in the stunning scenery of County Donegal and spend a blissful decade or two doing all those things they didn't have enough time for when they were working - angling, golf, walking, maybe even surfing or scuba diving.

A cabbie this morning was telling me that in eight years' time, when he's 60, he hopes to buy a little place in Donegal and put the urban hurly-burly behind him. He'll sit on the river bank with his fishing rod thinking of nothing in particular and just waiting for something to bite.*

The only trouble is, too many other people have the same idea. For years now Donegal has had a serious housing crisis as outsiders muscle in to buy retirement and holiday homes, pushing property prices sky-high and preventing the locals getting a home of their own, particularly the children of low-income farmers. To add insult to injury, the second homes (a quarter of the housing stock) lie vacant and unused most of the year while the homes of local people are bursting at the seams as children and grandchildren are squeezed uncomfortably into them.

Why is Donegal the great Mecca anyway? Yes, it's very beautiful but so is most of Northern Ireland. Which is why the same problem afflicts the more desirable parts of this country too, like Portstewart and the north coast towns. It's getting more and more fashionable to have a second home you can tootle off to when the mood takes you. People are snapping up extra homes not just here but all over Europe, now the low-cost airlines have widened everyone's horizons.

Personally, I steadfastly refuse to buy a second home, whatever breathtaking bargains are screaming at me from Bucharest or Sofiya. I'm sure such purchases can only be bad news for indigenous citizens desperate for a place of their own. Why this frantic land-grabbing? Isn't one home enough for anyone?

*what a horrifying image for us vegetarians....