Thursday, 29 September 2016

Priced-Out Tenants Accuse National Trust Of Creating ‘Ghost Villages’

Tenants of the National Trust have accused the charity of creating “ghost towns” out of the villages it owns by hiking up rents to unaffordable levels and then transforming the vacant properties into holiday lets. As the owner of many of Britain’s historic monuments and landscapes, the National Trust is considered to be the custodian of the nation’s heritage, yet it is also one of the UK’s largest landlords. Now some of its tenants claim it is “eroding national heritage” by pricing out local people in favour of tourists. The Trust made £44m from tenants last year, a rise of 39% since 2008, while wages have remained broadly static. It makes another £10m from holiday cottages, and has added about 100 to its portfolio in the past 10 years. In 2006, it was advertising its “unique collection of over 320 properties”; now it is offering 418. Read more on the Guardian website.

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