Recession Proof Salcombe

With all the recent press comment that Salcombe and it's equivalents in the South West are seeing a spike in house prices, due to city money that is once again flowing, I thought I would see what the half term influx was likely to be in Salcombe. I logged onto www.salcombe.com, the home of Salcombe Holiday Homes and input a search for availability over half term; the results were surprising as there was pretty much nothing left to rent. So based on this I presume we can expect to see a very busy Salcombe over half term.

So my question is: "Is Salcombe recession proof"?