Gary Suttle, who’s a neighborhood councillor based mostly within the Victorian seaside city of Swanage, said: ‘They already do that. But different areas have second residence economies and are massively dependent on second dwelling owners who spend huge amounts of money on plumbers, phl airport parking economy builders and local providers. If you are trying to protect an area from second houses it is most likely a good suggestion. Local authorities are anticipated to be handed discretionary powers to hike prices when properties usually are not either frequently used or let out by their owners for at the least 70 days per 12 months. Compulsory rental auctions will be sure that landlords make retailers which were vacant for more than a year accessible to prospective tenants. Covid lockdowns and the rise of flexible working noticed a surge of Londoners spending a file £54.9bn on properties exterior the town final yr — the very best worth on document by far. He said a number of Londoners had purchased up property throughout lockdown to safe for his or her retirement.