Residents in Falmouth, Cornwall, have complained that a rise in second homes and Airbnbs has pushed local residents out of the area.
The surge in demand has led to rising property prices which some local residents are unable to afford.
Oliver Berry, a resident, wrote in the i: “The competition’s fierce. Every property has dozens of applicants.
“There are too few places, and too many people looking. Post-pandemic, the ‘staycation’ boom has made things worse, as landlords cashed in on the returns of short-term lets at the expense of long-term tenants.”
He added that a rise in remote working had enabled more rich people to move to the coast and work from there.
Falmouth is also home to two university campuses which puts more pressure on the limited housing supply.
According to reports, some students have been left sofa-surfing for months as they’ve been unable to find accommodation.
Cornwall has seen house prices rise by 25 percent in the last two years, pricing many locals out of their hometown.
A study from Hey Discount in 2022 found that Bath was the leading destination for tourists pushing out locals.
The Lake District was also high in the rankings while a Cornish hotspot, Newquay took third place.
Londoners are also under pressure from Airbnb lets with the capital seeing a huge discrepancy in supply and demand.
For all the latest Lifestyle News Click Here
For the latest news and updates, follow us on Google News.
