Brits buy record number of second homes

From Global Edge

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The number of English people owning second homes in England reached an all-time high in 2009, according to research by Knight Frank, a global residential and commercial real estate company.

A 2.6 percent increase on the 2008 figure equated to an additional 6,212 second homes, pushing the overall total to a record 245,384.

Liam Bailey, head of residential research at Knight Frank, said: "The number of second homes in England has been steadily rising over recent years.