…Second home owners can also swerve council tax for a year by putting their homes up for sale. Pembrokeshire-based property expert Carol Peett of West Wales Property Finders says she has never known as many properties up for sale in Pembrokeshire as there are now.
“Not all of these people are big business people,” she explained. “They are pensioners who have a holiday let which they rely on to boost their income. They’re farmers encouraged to diversify from farming and have developed an outbuilding which they rely on. They are people who’ve had their parents die and they want to keep the home and one day live in it and in the meantime they’re letting it out. Of course there is a portion who would be able to pay the premium comfortably, but certainly not all of them.
“It’s also worth mentioning most of these second homes are totally unsuitable and unaffordable for local people trying to get on the property ladder. I’m desperate for young families and young people in Pembrokeshire to be able to stay here. But if the Welsh Government and the local authority want that to happen they need to find other solutions, like building new houses for local people only with local restrictions, and ensuring nothing under £250,000, for example, should be a second home.”….
Wales On Line – Sunday, 1st September 2024 – https://www.walesonline.co.uk/news/wales-news/second-home-tax-rules-driving-29841079
If you are looking for a property in Pembrokeshire, Carmarthenshire or Ceredigion, give West Wales Property Finders a call on 01834 862816. We can find your perfect property for you whilst saving you time, stress and often money too.
