Second homers are a problem all up the coast,Whitby and moreso staithes as examples the local folk don’t stand a chance.../ SNIP
We started to look at houses in the Algarve, 16 years ago, after exploring France and Iberia for 3 full time years.
We had decided to eventually settle in the countryside, away from the tourist resorts and golf ghettos.
Houses were cheap and plentiful, as working-aged Portuguese had moved out to work in the cities, in the industrial north, or abroad.
The cost of living was much lower than on the coast.
There were not many buyers wanting to buy these complicated houses, many semi abandoned, no mains or sewers and bad roads
The aged population and younger locals laughed all the way to the bank, when we, " Estrangieros Burros / Thick Foreigners " , didn't bat an eyelid over handing over buckets of Escudos, to buy these, " unsalable " properties.. Then spending another fortune doing them up, bringing prosperity to these unfashionable backwoods.
Then came TV...
Your Place in the Sun, etc, and eventually the internet brought the " And Me Brigade" and sundry carpet baggers along, on its coattails.
AirB&B is exacerbating the problem.
Now have exactly the same situation where young workers can't afford to compete with rich pensioners for any small property .
We weren't to know what the future effect would be.
Should we and similar pensioners be forced to reduce the price and only sell to young local workers, when it's time to move on..?
And could we be able to afford to do so ?