A policy to stop new-builds being used as second homes in St Ives has caused housebuilding to slump
have long flocked to St Ives. Artists such as J.M.W. Turner and Barbara Hepworth were drawn to the town’s clear light. Others come for the seafood and sandy beaches. Even the town’s notoriously aggressive seagulls, who dive-bomb unsuspecting tourists and steal their Cornish pasties, are not enough to put off outsiders. But St Ives’s popularity has a downside: visitors dominate the local housing market.
Those involved in designing the plan say that, three years on, it is too early to assess its impact. But official statistics suggest that excluding second-home buyers from the new-build market has removed a big source of demand. The price of new homes in the town is 13% below what it might have been if the previous growth rate had continued.
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