Fri, 13 Jun 08
The second homes market on the
It is said that for half the year The Isle of Wight is the smallest county in
For reasons of both land and sea the island offers good prospects for property investment, according to financial and property services firm Hose Rhodes Dickson. Partner Richard Dickinson said the aquatic aspect was a major attraction, stating: "There is a very broad-based second home market here, predominantly in areas which are yachting towns, such as Cowes, which is a premier yachting town in England."
In addition to this, he noted, Ventnor had "glorious" sea views, while
Property prices immune to the credit crunch
While getting across the Solent and up to the capital took up less time and money than doing so from Devon, Mr Dickinson suggested, the good news was that the recent falls in London property prices, such as the 0.6 per cent fall in October recorded this week by the Land Registry, would not happen on the island. "The
The Isle of Wight has certainly had a history of buyers from the mainland, with the royal seal of approval coming when Queen
As one of the sunniest places in the UK, the island will always have a certain appeal, perhaps the same now as the one Queen Victoria came for: a chance to get away from the city, isolated by water from mainland England and yet still very close. If it can isolate itself from any price falls in the housing market too, as Mr Dickinson suggests, it could enjoy a right royal appeal in years to come.
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