Prince William has said he plans to take the family to Wales, staying in rentals and B&Bs just like ordinary holidaymakers. He needs to do it sooner rather than later, with the Welsh government, led by the first minister, Mark Drakeford, clamping down on holiday lets and owners selling up. Drakeford introduced … [Read more...]
The Death of Tourism in Wales?
Many second home owners have 'panicked' and offloaded their properties and "this means that there will be fewer holiday lets available to rent for those without huge budgets" Second home sales have fallen off a cliff, according to new analysis of property transactions, and owners are said to be selling up to avoid … [Read more...]
How the tide turned on Britain’s holiday home dream
Second home sales have fallen off a cliff, a new analysis of property transactions has revealed, with higher mortgage rates and a council tax crackdown pushing the pandemic-fuelled holiday home boom into reverse. A record 26,290 second properties were purchased in 2021 as homeowners spent their lockdown savings and … [Read more...]
Holiday lets and soaring house prices: why second homes are a hot election issue
Today holidaying crowds will gather in the sunshine on St Agnes’ beach for the annual Easter Sunday dog racing championships organised by the local surf life-saving club. The hounds have to chase a “grommet” — a beginner surfer — dressed as a rabbit. The local paper suggested that this year, after a two-year hiatus, … [Read more...]
Property investors gamble that the staycation boom won’t bust
Buyers have poured money into holiday lets in the past year as travel restrictions have grounded holidaymakers in Britain. New figures suggest that the staycation boom is here to stay, with bookings well into 2022. But analysts have warned that investors must buy in the locations that will continue to be popular or … [Read more...]
As Property Prices Rise Faster in Wales than Anywhere in Britain
House prices across Britain have risen at rates not seen since before the financial crisis, yet one country has outpaced all others. Values in Wales increased by more than 13 pc in te 12 months to May this year, according to the Office or National Statistics. This was a slight drop on the significant increase of … [Read more...]
The beautiful village which became the centre of Wales’ second home debate
For one of the most picturesque villages in Pembrokeshire, things have become pretty ugly for Cwm-yr-Eglwys. The jumbled collection of houses that make up the pretty holiday hotspot in west Wales have become the poster child for second home issues for all of Wales. From a comment by a local community councillor, who … [Read more...]
Where to buy property in Pembrokeshire
Bustling harbour towns, clean beaches and plenty of peak-season elbow room make it hard to resist The wild west of Wales is where you’ll find the best beaches in the country. Sandy strands, picturesque coves, windswept dunes — they’re all here, along with dramatic sunsets, bustling harbour towns and a lot more … [Read more...]
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