One in five Pembrokeshire residents use legal loopholes to shave thousands from hefty bills. More than 800 second home owners in Pembrokeshire have sidestepped Britain’s harshest council tax premium. One in five have been permitted exemptions to the county council’s 150pc penalty, with scores of owners thought to … [Read more...]
Locals don’t want our second homes
The second home council tax premium has "decimated" local property markets, with house prices falling and the number of homes for sale soaring. The policy was supposed to make properties more affordable for those living there by encouraging second home owners to sell up. But sellers in tourist hotspots have told … [Read more...]
The Second Home Trap
High Council Tax and mortgage rates are making holiday homes unaffordable - leaving the market flooded with cottages no one wants to buy say Rachel Mortimer and Jack Simpson. ....Local Authorities in Wales have been able to charge extra council tax on second homes and vacant properties since 2017. ... A glut of … [Read more...]
I inherited my parents’ house, now I’m classed as a second-home owner
Kath Nugent, 52, was devastated when she lost both of her parents within weeks of each other in 2020. After her mother died of dementia, her father died from lung cancer on the day of the funeral two weeks later. Nugent and her brother, Richard Ellis, knew they would inherit the two-bedroom bungalow near the seafront … [Read more...]
Wales’s second homes crackdown is in tatters (England take heed)
Policy to double council tax charges on additional properties has had bleak repercussions for locals. Tenby’s cobbled streets are littered with “for sale” signs. A look in the window of any of its six estate agents shows a kaleidoscope of pretty pastel-coloured properties for sale. More than a quarter of … [Read more...]
The Welsh town named one of the coolest postcodes in the UK
Do you live in a cool Welsh postcode? According to The Sunday Times there's only one place to be in 2025 in Wales if you want to boast that label and it might not be where you first think. No, for once it's not the vibrant Cardiff suburb of Pontcanna - this postcode is much further along M4 and beyond. Every year … [Read more...]
What’s Next for Europe’s Second Homes Market?
Hostility from locals and governments, rising property prices and escalating running costs are changing the landscape for holiday home ownership in Europe. Can adapted models, modes and buyer attitude forge a friendlier path ahead?.... ...Many countries - including Portugal, Greece and, shortly Spain, - have since … [Read more...]
The Ultimate guide to saving tens of thousands of pounds on your dream home
The ULTIMATE guide to saving tens of thousands of pounds on your dream home, from Britain's top estate agents - and the things you MUST avoid... The start of a new year is a time when many of us look to sell and buy a new home. Yet isn’t it crazy that we often make this - the biggest financial commitment of our lives … [Read more...]
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