Inhabitants on the Isles of Scilly are said to be “appalled and disgusted” by the Prince of Wales’ decision to enter the holiday-home business on the island for the first time.
The Duchy of Cornwall his landed estate – has renovated a granite two-bedroom home and has put the cottage up for rent for as much as £1,500 per week.
There is a chronic shortage of housing on the island and with many islanders earning less than £10,000 a year, it is hard for them to pay more than £100 a week in rent.
The Duchy owns 330 just under 30 per cent of the 1,150 residential properties on the islands.
References: The Sunday Telegraph 03/07/05 page 11
