A Welsh estate agency claims it was forced out of business after a tax raid on second homeowners sent demand plummeting. Jane Edwards, who manages Pembrokeshire Properties, said the policy was “the nail in the coffin” for business and now it will cease trading at the end of October.... ... Carol … [Read more...]
Second Homes Council Tax to Drop in Pembrokeshire
Second homes council tax premiums in Pembrokeshire are to drop from the current 200 per cent rate to 150 per cent ... Western Telegraph - 18th October 2024 … [Read more...]
The eight villages where you can buy a stunning property AND be embraced by the locals
...Indeed, there is considerable ill-feeling towards the politicians who have set rules requiring second homes to pay treble council tax . 'Newport is a prime example of a village with an abundance of small cottages on the market,' says Carol Peett of West Wales Property Search … [Read more...]
This town tripled council tax on second homes. Here’s what happened
..“The situation is a nightmare — total disaster,” says Carol Peett, who founded the property consultancy West Wales Property Finders http://www.westwalespropertyfinders.co.uk. She lives in Narberth and helps people to relocate. Second homeowners can swerve the inflated council tax for a year by putting … [Read more...]
The Death of Tourism in Wales?
Wales On Line - 22nd May 2022 https://www.walesonline.co.uk/news/wales-news/second-home-sales-fallen-cliff-26939852?utm_source=twitter.com&utm_medium=social&utm_campaign=sharebar … [Read more...]
How to Make Money out of Luxury Holiday Lets
The Times - Friday, 10th December 2021 https://www.thetimes.co.uk/article/how-to-make-money-out-of-luxury-holiday-lets-307tqlg9v … [Read more...]
Join the Sharing Economy
Friends and family members are coming together to invest in a holiday home Carol Peett, the managing director at West Wales Property Finders, has seen an increase in this arrangement in Pembrokeshire. Last year 12 multigenerational families sought to buy together, in 2016 it was three. Before 2016, when the 3 per … [Read more...]
Time to Invest in Holiday Lets
Nearly 800,000 foreign tourists flocked to Wales in 2014; around 100,000 more than in 2014. In the third quarter of the year the increase was 7.5% over the previous year, giving Wales’s tourist industry a major boost with an extra £9m spent, according to the Office of National Statistics. With Tenby’s Harbour Beach … [Read more...]
