By James HookwayFew places are farther from the beaten track than the wind-lashed Outer Hebrides off Scotland's northwest coast. The pandemic has upended the property market in many countries. In some areas, more than half the properties are now second homes. He points to how political groups in Wales are now proposing to cap the number of second homes there. Instead, the government has allocated GBP50 million to build low-cost homes in Scotland's rural and island communities and is giving local councils more leeway to set higher taxes on second homes.

Source: Wall Street Journal November 21, 2020 15:19 UTC