--- title: Massive Growth in Second Home Ownership date: 2010-12-03T00:00:00+00:00 author: Marc Prior canonical_url: "https://www.assetsure.com/homes/second-home-insurance/massive-growth-in-second-home-ownership/" section: News --- Our Customers Love Us! Second Home Insurance [Trustpilot](https://uk.trustpilot.com/review/assetsure.com) ### Get a Quote [Get Quote](https://intasure.com/property-insurance/second-home/?introducer=59999022) [Home](/) › [Property Insurance](https://www.assetsure.com/homes/) › [Second Home Insurance](https://www.assetsure.com/homes/second-home-insurance/) › [Massive Growth in Second Home Ownership](https://www.assetsure.com/homes/second-home-insurance/massive-growth-in-second-home-ownership/) # Massive Growth in Second Home Ownership The specialist insurance broker Assetsure has noticed a large increase in the number of prospective clients seeking building registered second home owners. In it’s recent report it found the number of second home owners has increased by as much as 2,000 per cent in rural hotspots in just five years. Simon Nunn, Head of South for the National Housing Federation said: If families and young people are priced out of their local villages community life suffers, with village shops, schools and pubs closing in alarming numbers as a result. Unless we build more affordable homes for local people, they will continue to be priced out of rural areas, and the countryside will increasingly become a place for the well off to enjoy at weekends.” Locals have expressed resentment at wealthy second home owners buying up properties and putting them out of reach of locals. In 2009 [Second home](https://www.assetsure.com/homes/second-home-insurance/second-home-buying/ "Second Home Buying") owners were told to ‘go home” in a series of graffiti attacks at a development in Worth Matravers in Dorset. The region’s traditionally low average wages make high house prices even harder to bear. ## Latest News & Advice [![Changes to Second Home Owners Tax Reliefs](/assets/uploads/images/_800x405_crop_center-center_none/assetsure-banner-plain.jpg)](https://www.assetsure.com/homes/second-home-insurance/second-home-owners-tax-reliefs/) ### [Changes to Second Home Owners Tax Reliefs](https://www.assetsure.com/homes/second-home-insurance/second-home-owners-tax-reliefs/) A recent report published in December 2010 for the Office for Tax simplification has identified restricting the rules surrounding the current Capital gains tax relief on disposal of private residences... [![Second Home Owners facing possible trouble from Spanish Banks](/assets/uploads/images/_800x405_crop_center-center_none/Second-home-beach.jpg)](https://www.assetsure.com/homes/second-home-insurance/second-home-owners-facing-possible-trouble-from-spanish-banks/) ### [Second Home Owners facing possible trouble from Spanish Banks](https://www.assetsure.com/homes/second-home-insurance/second-home-owners-facing-possible-trouble-from-spanish-banks/) When does the second home dream become a nightmare? When the bank knocks on your door and tries to repossess your home in the United Kingdom, to offset a bad debt on a second home in Spain... [![Second Home Owners Potential Tax Increase](/assets/uploads/images/_800x405_crop_center-center_none/Second-home-beach.jpg)](https://www.assetsure.com/homes/second-home-insurance/second-home-tax-increase/) ### [Second Home Owners Potential Tax Increase](https://www.assetsure.com/homes/second-home-insurance/second-home-tax-increase/) Second home owners could lose out on their council tax discount as a result of proposals suggested by the Liberal Democrats recently... 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