But Chris Sangster, chairman of the Association of Scottish Self-Caterers (ASSC), said banning outsiders from buying second homes in the Cairngorms would damage the local economy.By coincidence, I am currently reading The New Rural Economy, the latest publication from the Institute of Economic Affairs. The title of Chapter 4 (by John Meadowcroft) is: "Locals-Only" Housing: The March Of The New Totalitarians.
Among Meadowcroft's points are:
(1) Similar policies lasting many years haven't prevented house prices in the Channel Islands from being higher than on the mainland.
(2) The main cause of high house prices in rural areas is the planning regime and not incoming buyers.
(3) The demand for housing is partly fuelled by the inflationary policies of governments.
(4) "Locals-only" policies can lead to the economic decline of the communities concerned because incomers usually spend more than others in local businesses and are far more likely to start new businesses.
(5) "Locals-only" policies prevent locals from realising the true market value of their homes when they wish to move. He gives the example of a widow in Wales who was prevented from selling her house to an English couple willing to pay £240,000 and who had found no other (local) buyer a year later.
As Meadowcroft says: discrimination against outsiders is generally regarded as immoral in a free society. I agree.