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We asked the Isle of Wight Council what the current situation is. A spokesperson said: We are aware there has been an increase in house prices of around 14 per cent and higher in some locations for various pandemic related reasons, with many households choosing to relocate to places like the Island and with Island families moving or seeking to move into larger accommodation with gardens etc. There is a critical shortage of homes to rent or buy as demand now far exceeds supply across the Island. The government has also changed the tax rules for buy to let landlords and many are choosing to exit the letting market while prices are high or swap to holiday lettings where they can generate more income given the “staycation” boom, which further restricts housing choice and affordability for Island families.

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