geteilt von: https://sh.itjust.works/post/38301389
To try to tackle this, the Welsh Labour government, alongside Plaid Cymru, introduced measures to curb second-home ownership. This included giving councils the ability to push council tax on second homes to 300% the usual rate. They also closed a loophole whereby second-home owners could register as a business in order to pay the much lower business rates.
Gwynedd council used these powers to hike council tax to 150% in April 2023. By the end of 2024, house prices had fallen by 12.4% as second-home owners tried to sell up. In Pembrokeshire, house prices fell by 8.9% after the council increased the council tax to 200% on second homes (though this was reduced to 150% recently).
But I want a small cabin by a lake at some point when I’m older. Has that dream been taken away from me, too?
As long as people can’t afford their first home, your cabin is not a priority. Plus, what’s the cost of that cabin? If it’s cheap, the tax increase won’t mean a huge increase in total numbers.
If your second home is in a location people don’t want to live, i.e not a city and in a small dying rural town where everyone is moving away? People can’t afford homes where they need to live and work, a small cabin by the lake won’t impact that.
The most important bit of information for people to take away from this conversation.
Not if you live there and this is only in Wales for now anyway.
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