Councils have been given the power to increase council tax on second homes by up to 300% to pressure owners to sell and make properties more affordable for local residents, but Wales Tourism Federation chair Susie According to Davis (pictured), it's not working well.
If anything, it may be hurting local tourism, which is a key part of the economy in many parts of Wales.
Mr Davies said: 'The Welsh Government's own research suggests that its policy is the biggest concern for specialist holiday accommodation, which has been inadvertently caught up in moves to regulate the number of second homes. ”. 
The situation for second homes coming back onto the market has not improved. ”
She further added: “Current observations suggest that as second homes return to the market, the supply of affordable housing for local people has not improved. Genuine local businesses that are not actually targeted by the policy are still being forced to sell without being able to provide efficient and affordable housing.”
round table conference
To address this issue, the Welsh Tourism Union and Propertymark are inviting estate agents to a series of roundtable discussions in early October, with first-hand evidence to be submitted to Cabinet Secretary Jane Bryant MS in November. I plan to share it.
Tim Thomas, Head of Policy and Campaigns at Propertymark, added: “We are confident that our members and other estate agents who wish to take part in the survey will provide insightful feedback on the impact this legislation will have on housing, tourism and society as a whole.”Wales economy. ”
If you are a real estate agent and would like to participate in our online round table meeting on October 7th and 8th, please contact us. (email protected).
