When stamp duty was hiked on additional homes in April 2016, the wind was taken out of the sails of both the second homes and buy-to-let markets, when a 3 per cent stamp duty surcharge was levied on the purchase of additional homes. Since then, demand has remained in the doldrums.
Few people want to shell out for the extra tax for another home, and many are instead opting to rent.
But near Dorset’s picturesque Jurassic coast, there is another option – and it comes with a tidy tax saving. The Silverlake estate sits six miles inland, and is composed of elegant second homes studded around a beautiful lake.
The difference here is that buyers are simply purchasing the plot, leading to a far lower…