| Like many of the small yet beautiful places in the | | | | very good news for the people who own a home |
| UK, the Isle of Scilly has housing problems. The | | | | there now and are interested in selling that home, |
| largest of these is that there are not enough | | | | but it's not so good for the people who dream of |
| houses for the people who want to buy and live | | | | having a home on the Isle of Scilly. They aren't so |
| in them. Some people own holiday homes there, | | | | sure whether they can afford to live in their |
| and they rent them out at other times. Other | | | | dream home - but this is why a lot of people who |
| people live on the Isle year-round. No matter | | | | live there only do so on holiday, and they rent |
| which you choose to do, it's very important that | | | | their house out the rest of the time. It helps to |
| you do your research if you want to buy on the | | | | pay their mortgage. |
| Isle of Scilly. You'll also likely have to be patient. | | | | If you're willing to wait and you have plenty of |
| There are a lot more people who want to buy | | | | money, you may be able to buy a house on the |
| houses on Scilly than there are houses for them | | | | Isle of Scilly. The money is important, but the |
| to buy. That's true of people who want to live on | | | | patience is one of the biggest issues. Even if you |
| the Isle of Scilly full-time, and also true of people | | | | can afford to buy a house there, you might not |
| who want to get a holiday home and rent it out | | | | have anything available that you can choose from. |
| when they aren't using it. There are usually plenty | | | | Even the richest man can't buy a house on Scilly |
| of people who want to rent a home while they're | | | | if there simply aren't any houses to buy. When |
| on holiday, so the rental income can be quite | | | | one does become available it usually doesn't last |
| significant. That doesn't mean, though, that | | | | long, either, so that's something that has to be |
| everyone rents out their homes. Some of the | | | | considered. |
| people who buy homes do so just because they | | | | Anyone who's committed to living on the Isle of |
| want to live on the beautiful Isle of Scilly all the | | | | Scilly should know that he's facing an uphill battle. |
| time. | | | | Money and time are both working against him. |
| Prices on the Isle of Scilly are high, mostly | | | | However, that doesn't mean that he will never be |
| because there are so few houses. Because | | | | able to achieve his dream. He just has to continue |
| people want to buy there, they will be willing to | | | | to work until he finds what he wants and is in a |
| pay more than they would in other places. That's | | | | position to purchase it. |