Gems relaxed on Government proposals

Julianne Shelton

With new Government proposals surrounding holiday lets raising concern for many owners and associated lettings businesses, one local company is confident that its properties and business will not be adversely affected.

The coalition has proposed that Furnished Holiday Let (FHL) owners should make their properties available for 210 days per annum, rather than the current 140, and that the property must be let for a total of 105 days as opposed to the current 70.

Cornish Gems’ sales and marketing director Julianne Shelton, however, does not believe the proposals will have a significant impact on the owners of holiday properties that Cornish Gems let.

She said: “Over this past year we have secured an average occupancy of 175 days for pure investment properties, so we are confident that this potential change to the law won’t impact upon the owners of our ‘Gems’ whether it be 70 or 105 days that is set as the minimum let.

“The proposed increased number of weeks could, however, affect second homeowners who do not offer their property for many rental weeks throughout the year. We really feel sorry for those who may struggle in the future climate, but we are confident that any owners who work with Cornish Gems will exceed the target rental quota.”