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Shojin is an FCA-regulated fractional investing platform enabling global investors to build their wealth from UK-based real estate investment opportunities.
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Cornwall's second home market: 7.5% rise signals ongoing demand

With 14,123 second homes, Cornwall remains England's second home hotspot.

 

Data released by the Ministry of Housing, Communities and Local Government in the last month reveals that the number of second homes in Cornwall has increased by 7.5% since 2023, showing that demand for aspirational properties in the region is only growing. 

 

The government definition of ‘second homes’ covers any dwelling that is furnished and not used as a primary residence, therefore including holiday rentals through platforms such as AirBnB. 

 

Developments such as Narrowcliff in Newquay appeal to buyers in this market, offering high-quality units in a great location that can either be used as rental properties or as a holiday home. Separate MHCLG data shows just 2,122 new build completions in Cornwall for 2023/24, a number that has been steadily falling since the recent peak of 2,712 in 2017/18. This indicates that supply constraints will continue. 

 

The Narrowcliff scheme is open to investors on the Shojin portal, with an expected exit date of May 2025. This deal has been fully underwritten, so the amount raised by Shojin will have no bearing on the development process.

 

Investors in this project will be providing a mezzanine loan to the developer for 32 high spec apartments over five floors, all with sea views. 

 

Visit the Shojin Portal to view all the information on this deal, including the expected returns to investors.

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