Thread by @ONS

Among tourist hotspots (the local authorities with the most travel and tourism businesses per resident population)

▪️Eden
▪️Powys
▪️and Derbyshire Dales

have all posted price rises of 10% or more in every month of 2021 so far (Jan to July) ➡️ow.ly/B1cH50GhG9k

Growth of tenant demand appears to be exceeding supply. Some landlords could be flipping second homes to holiday lets, leaving fewer lets for tenants.

This is a particular issue in tourist areas, where rates of second home ownership tend to be highest ow.ly/UVbt50GhGcK

Those working in tourist hotspots earn less on average than people who live there.

With hospitality being the largest employer, tourist hotspots were among the areas with the highest average furlough rates between June 2020 and July 2021 ow.ly/NlP950GhGh4

While house prices have risen during the pandemic, many people have been furloughed, lost jobs or had hours cut, particularly in sectors such as hospitality that tourist areas rely on.

We don’t yet fully know the pandemic's impact on housing affordability ow.ly/Zk6750GhGjs

CORRECTION: House prices rose at 3 times the national rate (8.0%) in some rural and coastal areas in July, continuing a trend seen during the pandemic, such as

▪️ Conwy (25.0%)
▪️ North Devon (22.5%).

All areas to see house price falls were in London ow.ly/vet550GhG3A