Wednesday, 18 October 2017

‘Locals’ rule sets limits for buyers

WITH the news that St Ives in Cornwall has banned the sale of new houses as

WITH the news that St Ives in Cornwall has banned the sale of new houses as second homes, Standard Property wonders if this will see other towns following suit?

Government ministers are about to oppose the ban, amid fears that it will be regarded as unfair and discriminatory.

However, residents of the picturesque coastal town voted by a majority of four to one to require all new housing to be sold as the buyer&rsquos principal residence under a legally binding covenant.

The new owners will have to be able to prove they really are “locals” using documentation such as an entry on the electoral register. The measures were introduced as part of a neighbourhood plan.





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