London and Cambridge, the two capitals of England, are among the cities expected to become second-most likely to become “second-home” suburbs by 2025, according to the report from property consultancy Redfin.
It says it expects a surge in second-homesteading in the south of England.
In the past five years, the capital has seen a growth in the number of second- and third-home owners, with almost 7,000 homes sold.
The report predicts there will be more than a third of new home purchases in the capital by 2025.
It predicts the number will be a little over 10 per cent.
Redfin says it believes that London and Oxford will be the two most likely new cities to be second- home suburbs by 2030.
It also expects the number to be around 7 per cent in Oxford.
Read more: How a house can save you thousands on your mortgage – Redfin report