Image caption Cornwall is popular with people buying second homes South-west England has been awarded the largest share of a fund raised through extra stamp duty on second homes to help first-time buyers in England.
The area, which accounts for 21% of all second-home ownership in England, is to get £19.1m of the £60m annual fund.
The money will be distributed to “community-led” groups to encourage the building of affordable housing.
Labour"s John Healey said last year saw the lowest level of new affordable homes built since 1991.
The government says second-home ownership is at an all-time high and is crowding out first-time buyers by artificially raising prices.
"Big problem"It reports that there were 340,000 second homes in England in 2013/14 – a rise of 98,000 in five years.
In March the then chancellor, George Osborne, announced that £60m raised by an additional 3% on stamp duty on second homes would be spent on “community-led housing developments in coastal and ru..
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