Unexpected property hotspots
In some parts of Britain more than one in three property transactions is for a second home.
Since April 2016 property buyers have had to pay additional tax on second homes in the form of an extra three percentage points in stamp duty.
Government statistics published last week name the areas with the highest proportion of additional property sales. Unsurprisingly, several London boroughs make the top 10 list – including Kensington and Chelsea, Westminster and the City of London.
However, less wealthy parts of the UK are also included, such as Northern Ireland’s Causeway Coast (right), where 30pc of all residential property sales were second homes. In Gwynedd, north-west Wales, the figure was 34pc, while in Blackpool it was also 30pc. There was a 10pc increase in the total amount collected in stamp duty last year, from £9.6bn to £10.4bn.