Lake District house price fall predicted in holiday let clampdown

Katherine Andrews said the number of holiday lets make it "very hard" to live in the Lake District, where she grew up

Areas would need to opt in to the new powers, but a timetable for their introduction has not yet been set by the government.Head of development management at Lake District National Park Authority Andrew Smith said that the new system would likely lead to a fall in house prices. In the popular village of Abersoch, Wales, where nearly half of properties are holiday lets or second homes, one estate agent said the proposals had already hit house prices by "up to 24%".Local resident and business owner Suzie Hookes said the proposals were giving her "sleepless nights".

Ms Andrews has recently moved into a small terraced cottage near Windermere owned by Lakeland Housing Trust, which provides rented homes for local people who cannot afford to buy property in the area.

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