Well, yes, while hospital trust CEO's earn 10 x the wages of a newly qualified Registered Nurse, those at the front line can scarcely afford a holiday and those with a relatively cushy desk job buy up housing for holiday homes. I live in a Cornish village where this is exactly the case.
How can this not help both those who cannot afford a home and those who do not have home. When we have a housing and homelessness crisis those who own multiple properties should be the first hit.
Most other countries have more land so it's not an issue really the bigger problem is builders mostly overcharging for new homes and people paying for them as people have invested in properties instead of the stock market or savings because financial institutions have ripped Joe public off for decades, governments should deter speculative investment in housing and sort out the financial markets, the UK just needs to curb mass uncontrolled immigration, it will have 70 million people shortly it can only sustain 50 million comfortably!?!
@@Narcissus833 it effects the middle and upper middle class the most. Often those people have worked and grinded for their money. Truly rich people wont be effected at all.
@@KK-lg8uz buying second homes impacts poor people the most, though. So, in this case, I’m not fussed if the middle class have to sell up and allow a local to live where they grew up.
I live in west Wales. This is exactly what the chap says, wages are low so locals will never be able to afford a house, whatever the price! And these homes were originally up for sale so presumably locals could have bought them. The real issue is the Welsh Labour government has done absolutely nothing to bring higher paying jobs to west wales, I’ve even heard locals say councillors have stopped companies coming in because it would affect their own ‘finger in some pie’. True or not? Absolutely the wrong direction and the result will still be the same. Locals can’t afford them!!
I'm also from West Wales and I have family who used to work for the council and one that became Mayor of of a town I also believe they're stopping bigger businesses with higher wages from coming because they want to nurture small independent businesses and stop competition. The trouble with that is the local small business pay minimum wage at best. I moved to Swansea and then Cardiff to look for better job opportunities.
@@davetherave1230 For this to work the council need to acquire those properties and convert them. Wont happen. Then look at the sources of work that are not tourist industry. The Welsh government nor the council have a clue how to bring employers to the area.
Short sighted perspective. These areas need money, tourism and investment. And it will just leave to one of the other numerous coastal towns that don’t penalise those that have done well
Great news, if locals can get onto the housing ladder that's going to be far better for the economy. Instead of paying rent to a landlord in London, they can buy more goods and services from local businesses and keep wealth in the community.
Of course, this won't affect MP's second homes because they can just get the taxpayer to pay through claiming expenses ... along with their £4,700 a year 'heating allowance' - It's a cruel world.
That is the next thing to sort out, I for one would be in favour of a halls of residence, a place dedicated to MPs that have to travel to and stay in London. It would be safer for them and cheaper for the taxpayer, a win win!
@@DongfloppyI genuinely do not understand why they “need” a second home in London at all, just to attend Parliament at daft hours of the night (when they actually do so.) There’s a perfectly good Civil Service hotel not ten minutes’ walk from Westminster, why can’t they stay there when coming in from outside London (since the ordinary members of the civil service can’t use it, as it’s out of budget for such commoners)? Security could then be concentrated in one place Why isn’t all the money that’s being poured into refurbing the Palace of Westminster including facilities for online meetings in the Chambers of both Commons and Lords? When are we going to stop indulging these eejits who just exist to make life miserable for the common man, whilst lining their own pockets and those of their cronies?
@@_wrl_ Increases in house values has been a political tool for getting the votes of the middle classes for a long time and an economy based around property and house ownership has been a cosy arrangement between the banks and our Governments for a long unhealthy time.
If a house is rented out to someone who occupies it all year round then the Council Tax will not change at all, because for the person renting it it is their first (and only) home.
People across the planet have complained about housing price inflation in many areas due to people who can afford multiple homes. Finally something being done about that here with more complaints from different interests.
My wife and I each own our own home from previous "lives'. We live comfortably, but we are not rich and we use both properties regularly. We will be hit with 100% council tax increase next April on one of them which means I need to find another £2000 each year. Locals don't buy my type of house because it's a grade 2 listed building that requires a lot of ongoing work so it won't sell at a level that would make a difference. So I will AirBNB it to pay the extra tax. How does that help the housing situation!
@@massivehero4871 if the property is for sale, the premium is implemented on a property left empty for at least a year. This is not a new change and these premiums have been in effect for a few years now on empty properties. The only difference is that up until now second homes were exempt from these premiums.
@@Hemswell to those that just want to reach the end of their lives with a secure roof above their head, yeah it clearly is because capitalism is currently ensuring that millions go without whilst a select few stock pile housing to sit empty
Having a family living full-time in a house that they own will be much, much better than a second home that is typically used only for average 5 weeks per year. So charging second home owners a Council Premium is a great policy and long overdue. Other towns in Wales effectively shut down for several months over winter due to the number of second homes, so again, the policy is great.
@@zrymillI might be wrong but if there is an occupant permanently renting they pay the council tax not the owner and it won't be the higher rate? That's what it's been everywhere i've lived in England but maybe Wales is different.
Yeah it is a great policy - other than it won't work. The second home owner will move his wife in as a "full time" resident. Anyway locals will never have the income to buy and maintain such a property without some sort of local industry to earn a decent wage.
I watched a programme years ago about this problem and a local said all the houses are took up by people as a second home, they come in summer and in winter it’s like a ghost town as no one wants to be there in winter, surely this has got to be better for businesses, if someone lives in these they would bring life back into the towns/villages when they would of been empty, I had never dreamed that some places had this problem, so on that basis I would say it’s a great idea, someone that lives in them all year round is better than a ghost town
It's very good for young people, zero increase in houses, young people will be able to afford a house. these Cartels will no longer have huge profits, and they will no longer be interested in buying ten properties!!!
@@T5Zplayer how? Explain how a bunch of houses that are empty 10months out of the year generates jobs versus houses that are occupied 12 months out of the year.
People will still buy them as 2nd homes, they'll just get them at reduced rates as prices fall. However they will also become more affordable for standard people also. This is a good thing.
That's a contradiction isn't it. If people kept buying them... the price wouldn't drop.... It will only drop if supply out strips demand or in this case, if demand drops.
@@TheDandonian Using a similar supply and demand argument... If the supply of houses increases because more second homes are put on the market, the price drops. Assuming would-be second home owners are put off the only likely purchasers will be locals and, if their pockets aren't as big, the price will fall.
They put their houses up for sale as they have 12 month remission from council tax and no cost whilst they weigh up their options, they are unlikely to rent them out as Labour is bashing that to, rented properties costs will rise, second homes will go empty and nobody wins especially locals it does not correct the underlying problems it just exaggerates the existing problem, not enough affordable housing in the UK caused by Draconian planning (Planning should be more streamlined and not just to build crap houses!) and scrupulous large private builders land banking!?!
This is a brilliant move and should apply to the whole UK. There's not enough affordable housing to go around for people wanting their first home and people wanting a second, and if they really feel they need a second house they should pay for it. With more available on the markets it would hopefully bring prices down.
Perhaps the councils want to crash the housing prices so only people with a small income can live there with no spare money to improve upkeep the property and the whole place becomes run down unkept nackering the tourist trader
The reason why not is very simple. There aren't enough houses for everyone and having somewhere to live is quite important. No ones saying they cant buy loads of cars or take loads of holidays. And who's to say they've worked their asses off to get their money? A lot of wealth is inherited and a lot of people are grossly overpaid in jobs that they were lucky to get. Although hard work is important, you'd be a fool to think it's the only way to success.
One of the other reasons this policy was introduced is because West Wales is a hotspot where the Welsh language thrives. English people are coming in and pricing out the locals, forcing the locals to leave. There's no incentive for the young people to stay and so the Welsh language is also taking a big hit in that area too
Mixed thoughts here. On one hand I understand - it makes the housing market more expensive to first time buyers. I was victim to that, it sucked. If these are rented out, does that not just get passed onto the tenants? Or are they simply talking about empty unoccupied homes? A lot of people will work a PAYE job for a long time to earn money to eventually free themselves from being a corporate slave. What they do with that money is entirely up to them in my opinion. If they saved money from working a job to afford a second home so that they could retire earlier, why is that a bad thing? I don't have a second home. Just some objective thoughts.
Visited Pembrokeshire in 2021. Absolutely ruined. All the youngsters have left the area, restaurants couldn't even open due to no staff. I have 0 sympathy for these 2nd home owners but I don't think it can regenerate an area like this.
@@jonathanjonathan7386 Not a chance, Pembrokeshire is a dive for anyone worth their salt wanting a good life for yourself, they do not mix. Source: Lived in Wales 7 years, frequently visited
@@jonathanjonathan7386 I'm from the Lake District. Yes I want to live there but there is no way I can afford a house, in an AONB with the pay and types of jobs on offer. Pembrokeshire is exactly the same and will take more than forcing people to sell their already expensive homes to get people to stay and move back.
@@MattyGsterThe7th The problem across the country, homes are 'cheap' outside London / South, but wages are poor. In London / south, wagers are higher but property is still unobtainable.
@@MattyGsterThe7th dunno about the lakes but I saw a flat for sale in tenby for 139k, minimum wage is around 24k per year these days, couple on combined 48k could easily afford that.
People are stupid preferring to turn on eachother than the people actually responsible for the housing shortage - successive governments since the 90s'
So perhaps this will work out something like this. (1) Really rich people won't care as they'll just pay, but as the very rich make up a tiny proportion of this population, the council won't get the increase in tax revenue they really want (2) Middle class who've worked and saved to afford a holiday home will be squeezed out, and will go on foreign holidays instead, depriving the area of tourist income (3) property values will fall, as the demand will decrease (because if locals could afford the houses at current values, they would), so locals will see a fall in their property values. Perhaps these 2nd home owners may convert to buy-to-let, or perhaps AirBnB, so the property is not empty, and the income can pay the increase in council tax, which doesn't help the local property issue aiming to be solved.
People will now see, that second homes were never the problem......locals still cant afford them....and if they can, they've got nothing left to spend...better blame someone else now.....
The issue, though, will be that landlords will now be forced to put rents even higher for people to live in rented accommodation to cover their additional costs. So the locals will actually not win, unfortunately... and be forced to leave.
The tax doesn't apply to residential rentals, only vacant properties and holiday homes, so the idea is second home owners will either change the use to a private letting or sell the property bringing down rents and house prices due to an increase in supply.
When no one rents they will sell and with more houses available the prices will come down and people local to the area can move there or even those who want to live there that work remotely i would love to do tht but the house prices are crazy
Its all part of a larger market though, it will bring demand down for those more expensive houses, so perhaps someone in a £500000 house will upgrade, and free up a house for someone currently living in a £300000 house etc.
Well they can't only do the houses they also got to create jobs and opportunities to get people to want to live in places like this and it can't just be dead end jobs
These rich people have pushed the prices of owning a house in Pembrokeshire through the roof. It's absolutely laughable when somebody who owns a £500.000 house can't pay a little bit more Community tax charge. This is a classical example of the greedy rich who will avoid paying their fair share of taxes and will even sell their homes at a loss ... good riddance to them, Empty homes will bring the prices down again !!!
@@simonm9097because,I'm afraid, the wealth disparity between the lower and upper classes has become so huge and unrealistic, it has caused a serious housing crisis. I'm afraid this commenced when thatcher became prime minister. Free market economics simply does not work. I don't begrudge anyone who works hard trying to aim for a better life, we all aspire to do that. But, my last job really was seriously hard work, delivering medical supplies all over London and the south east; 75 to 80 hours a week, 2,000 miles a week, heavy lifting, no lunch breaks, all for £27000 a year back in 2003. I would say it was a very important job.....what's the point in Doctors writing prescriptions if the stock isn't there? I don't think it's a hard work problem. It's more an indication of a systemic problem, not recognising and implementing far more realistic salaries.
So worked harder? Are all these homes owned by nurses, care workers and junior doctors then, and not through inherited wealth or knowing the right people in the city then?n@simonm9097
hopefully the lack of buyers at the current prices will drive the prices of these homes down below they're totally over inflated valuation and to a level where regular people can afford them and in turn make it easier for locals to buy.
I love how everybody knows homes are too expensive, the news reports this for 10 seconds a year. When house prices go down, houses becoming affordable becomes a disaster. Oh no. An area with low wages has more houses available and house prices may come down, how will those on low incomes come when houses become affordable!
@@zrymill There is no evidence for that whatsoever, making a place desirable to live in creates business opportunities, the housing crisis is the failure of central and devolved government. Labour carried on with the Tory policy of selling off council houses. This is where we are now.
See them cry and call it jealousy when their greed is literally inflating the property prices and pricing out young people and families out of the market. Selfishness at its finest
Hello? there is a tax loophole if the property is for sale - an empty home for sale is tax exempt but they will have to visit the property to care for it though
It all depends on who is buying up the properties that are getting sold. If it’s the banks or corporate interests, who help to maintain the madly inflated house prices in the area, then it’s just more of the same. If the housing market crashes to a reasonably appropriate level so that average working locals can afford to purchase them, then it can only be a good thing. I would be highly and pleasantly surprised if it was the latter. If it turns out to be the former, then it is more of the same transfer of wealth and property to the Uber wealthy corporate interests, with appropriate rewards for the policy makers, I wouldn’t wonder.
There'll still be a housing shortage fgs. The issue isn't a tiny number number of people with second homes, it's the extra 10 million people that have rocked up here in the last 5 years and the government printing billions of pounds that causes asset inflation - property being one of them.
Its about time second homes were taxed accordingly, these are usually owned by people with money other that your normal working families. They can still have their second homes for their holidays by using the local hotel accommodation. Then the could still use the local restaurants.
If they are let out to be holiday homes then the local services are being used year round and still need to be funded. The local population should not be effectively subsidising multiple homeowners and holidaymakers. Landlords complaining that the amount they charge per day is now being eroded by council tax payments per month - all while keeping the profit capital out of the local economy and often spent elsewhere - will be surprised at the lack of sympathy. In fact it is pretty normal to have a news story where individuals are affected, but almost nothing about the long term effects felt by a large proportion of the local population. Partly because it is not a short attention span news story. Did anyone really come out of this 3 minute story having a real feel for the pros and cons - or any studies at all - on the effects to differing sectors of the community?
I live in gloucestershire. When the 2nd homers go back home, they leave a desert. The schools shut down, the fancy resturants come and go, and locals are forced to live in gotty ex council rentals. Raise the second homes council levy to200 hundred percent, and raise it by 20 percent each year for next 5 years. Double second home stamp duty, and make all second homes grade 2 listed.
That's part of the idea. There are very few traditional rental properties in Pembrokeshire as it's more profitable to rent them as holiday let's for 12 weeks a year. This Council Tax premium, in conjunction with the need to rent 182 nights a year to become a holiday let on zero rated business rates has seen a lot of holiday lets become traditional rentals. And that's fine as there is still a massive over supply of holiday lets.
If wages are low, then house prices should be low too. There needs to be an adjustment where house prices fall, and thats what the 'industry expert' is worried about
It’s the people who own *only one home* and live in this area that I feel sorry for. They will have bought their home at a premium price with a big mortgage. And now, the value of that home will be in free fall, putting them in some pretty dire financial trouble
Depends on whether they are looking for a quick sale after a recent purchase or a long term stay. Market trends over 10-20 years will even out changes in value.
@@unusg1 fair point, but I’d still be pretty miffed if I’d bought in the last five years and am paying a mortgage. Owing more than your home is worth is never a nice feeling
I rented a place in Tenby for a week was lovely but if I cannot rent a place then I would not go who is going to suffer not me just the people who work there
totally, the 2nd home as rentals/Airbnb and all that keep the local shops busy. Without them the people who are likely to live there would not be supporting the local shops even over the 12 months.
A lot of people have second homes, especially in London, people have their homes far away from their workplace so they purchase another home closer to work and often rent out their main home which is often situated in a nice area.
Presumably 'locals' sold out to the second homeowners in the first place. Parents died or job in the big town - I'll make a quick buck. Second home bought by a landlord, rented to a local at inflated rent and difference picked up by the...!
Pembrokeshire has some of the most affordable homes in the UK. It's just a few small places like tenby that have inflated prices. Dave from the pub still is'nt going to be able to afford the houses on the front overlooking the sea if Geoff from London sells it.
This attack on mainly older successful people is made possible in the pressure cooker created by irrational migration policy and ongoing restrictions on developing land for new detached houses. The measure is unlikely to raise a single dime for the government on net accomplishing nothing more than social engineering through taxation. The owners should rightly take their money and spending not just out of Wales but to a country where they are treated as if they've earned their money and the right to spend it as they wish, rather than being blamed for social ills they didn't cause.
Locals in popular tourist areas often complain that second home owners push up prices. They should be happy if this change happens. Will it apply to the royal family?
Good. This needs to be done everywhere so more houses are on the market. More competition also means lower house prices. However, the government also needs to do more to assist first-time and single-home buyers. If they can afford rent, they can probably afford a reasonable mortgage, especially if jobs are made more secure, available, and reasonably paid.
Two or three young adults should pool together to buy a house, and at least they will have a start in home ownership.This is the only solution due to the exorbitant private rent costs.Rent controls please, as found in most of Europe. More affordable housing would create a much fairer and human friendly system.
I think a good idea would be to give councils the power to designate a property as a home of primary occupation, the owner being obliged to live in the property and be forced to sell it if unwilling to do so. This would be in areas where this is an issue
How is that even legal? Council tax is a payment for service essentially (fire, police, bins, street lighting etc). If I own a house I live in for 2 months in a year I'm hardly using any of those services and am supposed to pay 3x as much as someone living there all the time? Absolutely rubbish!
A very short sighted plan from the government. People will be stretched financially if they buy, so they won't be able to afford to treat themselves with eating out etc. Air b n bus bring in income all year round and people who visit, tend to spend more. I understand the frustration of locals not being able to buy, but if there aren't any jobs, locals won't stay anyway. Surely there's a better 'down the middle' approach?
Tell that to anyone under 50 - who EXPECTS to profit from house price inflation. In the 50's, 60's,70's and some of the 80's people bought houses as HOMES...................then greed got ahold of society.
@maxthelab8457 Well that's the whole essence of the problem. Nobody wants to compromise their own pot of gold to ensure people in society as a whole are housed. The Turkeys won't vote for Christmas and the house is 100% Turkeys with property portfolios.
Im effing sick of these hikes!! I have moved homes rental from £757 to £1400!! Its a joke! I want to get on to the property ladder unable to due to these hikes! Not to include the bills!!!
There are a few politicians with second homes in Pembrokeshire, Mark dickford being one of them. He was the leader of Welsh labour in the the Welsh assembly in Cardiff. Just goes to show how concerned politicians are about first time buyers getting housing locally....
Good - more supply, reduce housing supply in some regions in the UK. Alternatively, second home owners can keep but will pay higher taxes to assist with net debt, NHS budget, public services.
I was in conversation with a local chap in Cornwall a few years ago who was moaning about 2nd home owners, I mentioned that they bring in work to the local area when they have the houses refurbished or maintained, he hummed and ardd but it turned out he was a tradesman who I see the next day up a ladder refurbing a 2nd homeowners roof!, hypocrite comes to mind!.
"The council believes it will bring in over 10 million Euros". This isn't about helping locals get on the home-owner ladder, it's bout the council bolstering it's coffers. What an absolute disgrace!!!
@@arghjayem not on rentedout to tenants. It becomes a standard tenancy. If it is kept for holiday letting, it has to be put on business rates, and have a newly raised number of letting days per year to qualify. Few Welsh holiday cottages can achieve the occupancy now demanded.
This VT is only looking at one area. There’s 2nd homes countrywide and each area has different economic benefits. Need to get London housing prices down 10%.
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People can afford second homes? I thought alot of people couldn't afford first ones
Tons of people sold their council house in London and bought second homes across the west.
Well, yes, while hospital trust CEO's earn 10 x the wages of a newly qualified Registered Nurse, those at the front line can scarcely afford a holiday and those with a relatively cushy desk job buy up housing for holiday homes. I live in a Cornish village where this is exactly the case.
@@adrianfielding4678 wonder how many voted for this?
Yes the inequality in this country now is ridiculous.
MPs. And they claim expenses on them too
How can this not help both those who cannot afford a home and those who do not have home. When we have a housing and homelessness crisis those who own multiple properties should be the first hit.
Good. Homes for locals.
Aah, yes. But, will it be the locals who get to buy them…
good!
@@A.H-j2o has to start with selling to bring the price down.
its the locals who sold them to 'outsiders' for a big profit.......
Should put a covenent on sales to locals first on to deeds
Wonder why the estate agent is against it?
😂
Because houses are now not selling here in west wales. No one local can afford them, as low as the prices are! It was a stupid idea!
Very smart, needs to be done in every county in every country.
Most other countries have more land so it's not an issue really the bigger problem is builders mostly overcharging for new homes and people paying for them as people have invested in properties instead of the stock market or savings because financial institutions have ripped Joe public off for decades, governments should deter speculative investment in housing and sort out the financial markets, the UK just needs to curb mass uncontrolled immigration, it will have 70 million people shortly it can only sustain 50 million comfortably!?!
Amen! I've always said that no one should own more than 1 property.
Socialist.
@@terrygardner6395 Because capitalism has clearly worked for everyone?🤡
Why can't I own a second home? I worked hard for it.
Rich ppl say taxing rich ppl isn’t the way forward - shocker. Great news! Bring it in in Cornwall where it’s vitally needed too.
Really rich people will just pay the increase.
@@BenRelle that works too, at least the locals will get better public services as a result.
@@Narcissus833 it effects the middle and upper middle class the most. Often those people have worked and grinded for their money. Truly rich people wont be effected at all.
@@KK-lg8uz buying second homes impacts poor people the most, though. So, in this case, I’m not fussed if the middle class have to sell up and allow a local to live where they grew up.
@@Narcissus833Of course. The one thing the left and the right can both agree on is empowering the rich.
I live in west Wales. This is exactly what the chap says, wages are low so locals will never be able to afford a house, whatever the price! And these homes were originally up for sale so presumably locals could have bought them. The real issue is the Welsh Labour government has done absolutely nothing to bring higher paying jobs to west wales, I’ve even heard locals say councillors have stopped companies coming in because it would affect their own ‘finger in some pie’. True or not? Absolutely the wrong direction and the result will still be the same. Locals can’t afford them!!
I'm also from West Wales and I have family who used to work for the council and one that became Mayor of of a town
I also believe they're stopping bigger businesses with higher wages from coming because they want to nurture small independent businesses and stop competition. The trouble with that is the local small business pay minimum wage at best.
I moved to Swansea and then Cardiff to look for better job opportunities.
Best thing I've heard in years
Stupid idea that will put locals out of work
@T5Zplayer how so?
@@davetherave1230 For this to work the council need to acquire those properties and convert them. Wont happen. Then look at the sources of work that are not tourist industry. The Welsh government nor the council have a clue how to bring employers to the area.
Short sighted perspective. These areas need money, tourism and investment. And it will just leave to one of the other numerous coastal towns that don’t penalise those that have done well
Great news, if locals can get onto the housing ladder that's going to be far better for the economy. Instead of paying rent to a landlord in London, they can buy more goods and services from local businesses and keep wealth in the community.
Of course, this won't affect MP's second homes because they can just get the taxpayer to pay through claiming expenses ... along with their £4,700 a year 'heating allowance' - It's a cruel world.
That is the next thing to sort out, I for one would be in favour of a halls of residence, a place dedicated to MPs that have to travel to and stay in London. It would be safer for them and cheaper for the taxpayer, a win win!
@@DongfloppyI genuinely do not understand why they “need” a second home in London at all, just to attend Parliament at daft hours of the night (when they actually do so.) There’s a perfectly good Civil Service hotel not ten minutes’ walk from Westminster, why can’t they stay there when coming in from outside London (since the ordinary members of the civil service can’t use it, as it’s out of budget for such commoners)? Security could then be concentrated in one place Why isn’t all the money that’s being poured into refurbing the Palace of Westminster including facilities for online meetings in the Chambers of both Commons and Lords? When are we going to stop indulging these eejits who just exist to make life miserable for the common man, whilst lining their own pockets and those of their cronies?
I blame all of these ‘Homes under the Hammer’ type programmes, that encourage people to buy older houses as an investment and then rent them out.
Also the Social Media influencers talking about property as a get rich quick scheme!
@@_wrl_ Increases in house values has been a political tool for getting the votes of the middle classes for a long time and an economy based around property and house ownership has been a cosy arrangement between the banks and our Governments for a long unhealthy time.
Or maybe capitalism?
@@markbright662well it has to be capitalism as no one would own a home under communism, except the state.
If a house is rented out to someone who occupies it all year round then the Council Tax will not change at all, because for the person renting it it is their first (and only) home.
They should make a third home tax and make it absolutely eye watering
wish they'd do that hear in Australia, its an absolute joke here.
That sounds like a good idea. The royals with 50 or more homes would pay a fortune and help the finances of certain areas.
People across the planet have complained about housing price inflation in many areas due to people who can afford multiple homes. Finally something being done about that here with more complaints from different interests.
My wife and I each own our own home from previous "lives'. We live comfortably, but we are not rich and we use both properties regularly. We will be hit with 100% council tax increase next April on one of them which means I need to find another £2000 each year. Locals don't buy my type of house because it's a grade 2 listed building that requires a lot of ongoing work so it won't sell at a level that would make a difference. So I will AirBNB it to pay the extra tax. How does that help the housing situation!
There won't be a Council Tax hike on MPs' second homes, that's for sure! Probably they don't pay Council Tax in the first place!!
It’s not really the same thing though is it?
pff, they can afford the tax hike!
They will claim it back on expenses I imagine.
MPs having second homes is needed though. They have a job half the week in Westminster but also have to spend lots of time in their constituency
@@massivehero4871 if the property is for sale, the premium is implemented on a property left empty for at least a year. This is not a new change and these premiums have been in effect for a few years now on empty properties. The only difference is that up until now second homes were exempt from these premiums.
KEEP GOING AND MAKE THIS HAPPEN NATIONWIDE! It CAN be done!!
...and socialism is the answer to all our dreams.
NOT.
@@Hemswell to those that just want to reach the end of their lives with a secure roof above their head, yeah it clearly is because capitalism is currently ensuring that millions go without whilst a select few stock pile housing to sit empty
Unitilgent rhetoric
Having a family living full-time in a house that they own will be much, much better than a second home that is typically used only for average 5 weeks per year. So charging second home owners a Council Premium is a great policy and long overdue. Other towns in Wales effectively shut down for several months over winter due to the number of second homes, so again, the policy is great.
@@zrymillI might be wrong but if there is an occupant permanently renting they pay the council tax not the owner and it won't be the higher rate? That's what it's been everywhere i've lived in England but maybe Wales is different.
Yes, but the families will not be Welsh but will be your replacements !!
Yeah it is a great policy - other than it won't work. The second home owner will move his wife in as a "full time" resident. Anyway locals will never have the income to buy and maintain such a property without some sort of local industry to earn a decent wage.
Complete and utter rubbish.
@@Hemswell Explain?
Where Are Jobs For People To Move To Tenby
I watched a programme years ago about this problem and a local said all the houses are took up by people as a second home, they come in summer and in winter it’s like a ghost town as no one wants to be there in winter, surely this has got to be better for businesses, if someone lives in these they would bring life back into the towns/villages when they would of been empty, I had never dreamed that some places had this problem, so on that basis I would say it’s a great idea, someone that lives in them all year round is better than a ghost town
Nobody wants to live there all year round 😂
It's very good for young people, zero increase in houses, young people will be able to afford a house. these Cartels will no longer have huge profits, and they will no longer be interested in buying ten properties!!!
Drivel
Utter nonsense Now there's gonna be less jobs.
@@T5Zplayer how?
Explain how a bunch of houses that are empty 10months out of the year generates jobs versus houses that are occupied 12 months out of the year.
They won’t be for British people lol
Every corner in England will be multi racial to be in line with the rest of the world, it’s an improvement program for peoples lives.
People will still buy them as 2nd homes, they'll just get them at reduced rates as prices fall. However they will also become more affordable for standard people also. This is a good thing.
That's a contradiction isn't it. If people kept buying them... the price wouldn't drop.... It will only drop if supply out strips demand or in this case, if demand drops.
@@TheDandonian Using a similar supply and demand argument... If the supply of houses increases because more second homes are put on the market, the price drops. Assuming would-be second home owners are put off the only likely purchasers will be locals and, if their pockets aren't as big, the price will fall.
They put their houses up for sale as they have 12 month remission from council tax and no cost whilst they weigh up their options, they are unlikely to rent them out as Labour is bashing that to, rented properties costs will rise, second homes will go empty and nobody wins especially locals it does not correct the underlying problems it just exaggerates the existing problem, not enough affordable housing in the UK caused by Draconian planning (Planning should be more streamlined and not just to build crap houses!) and scrupulous large private builders land banking!?!
Is there much work for locals?
Lack of homes is an immigration issue, nothing else. The population would be declining and house prices would fall in line with it.
This is a brilliant move and should apply to the whole UK. There's not enough affordable housing to go around for people wanting their first home and people wanting a second, and if they really feel they need a second house they should pay for it. With more available on the markets it would hopefully bring prices down.
This is music to my ears, best news i've heard in a very long time
If local people could not afford to buy these homes when they came on the market in the first place how can they afford to buy them now?
Perhaps the councils want to crash the housing prices so only people with a small income can live there with no spare money to improve upkeep the property and the whole place becomes run down unkept nackering the tourist trader
Maybe the prices will slowly become affordable if demand drops, doubt anything significant but who knows
Suddenly there's a surge of houses for sale and opportunities for first time buyers
They can’t afford them, that’s why there are a lot of houses for sale! And now the rental market will evaporate, another stupid, out of touch idea!!
More like investors
I don't own 2 homes but if people have worked their asses off to own a second one then why not? Next it will be a second car penalty
The reason why not is very simple. There aren't enough houses for everyone and having somewhere to live is quite important. No ones saying they cant buy loads of cars or take loads of holidays. And who's to say they've worked their asses off to get their money? A lot of wealth is inherited and a lot of people are grossly overpaid in jobs that they were lucky to get. Although hard work is important, you'd be a fool to think it's the only way to success.
One of the other reasons this policy was introduced is because West Wales is a hotspot where the Welsh language thrives. English people are coming in and pricing out the locals, forcing the locals to leave. There's no incentive for the young people to stay and so the Welsh language is also taking a big hit in that area too
About time, most can’t even afford one home
Mixed thoughts here.
On one hand I understand - it makes the housing market more expensive to first time buyers. I was victim to that, it sucked.
If these are rented out, does that not just get passed onto the tenants?
Or are they simply talking about empty unoccupied homes?
A lot of people will work a PAYE job for a long time to earn money to eventually free themselves from being a corporate slave. What they do with that money is entirely up to them in my opinion. If they saved money from working a job to afford a second home so that they could retire earlier, why is that a bad thing?
I don't have a second home. Just some objective thoughts.
Visited Pembrokeshire in 2021. Absolutely ruined. All the youngsters have left the area, restaurants couldn't even open due to no staff.
I have 0 sympathy for these 2nd home owners but I don't think it can regenerate an area like this.
but did the youngsters want to stay though?
@@jonathanjonathan7386 Not a chance, Pembrokeshire is a dive for anyone worth their salt wanting a good life for yourself, they do not mix. Source: Lived in Wales 7 years, frequently visited
@@jonathanjonathan7386 I'm from the Lake District. Yes I want to live there but there is no way I can afford a house, in an AONB with the pay and types of jobs on offer.
Pembrokeshire is exactly the same and will take more than forcing people to sell their already expensive homes to get people to stay and move back.
@@MattyGsterThe7th The problem across the country, homes are 'cheap' outside London / South, but wages are poor.
In London / south, wagers are higher but property is still unobtainable.
@@MattyGsterThe7th dunno about the lakes but I saw a flat for sale in tenby for 139k, minimum wage is around 24k per year these days, couple on combined 48k could easily afford that.
What idiots….tourism brings in money and keeps money in UK. This will just make second home owners buy in Europe
Let them
People are stupid preferring to turn on eachother than the people actually responsible for the housing shortage - successive governments since the 90s'
There are still hotels and camp sites.
The measure I've been advocating for for years.
Well done.
Now, similar increase for business-owned residences. Not only for privately-owned ones.
Your the problem 😡
@@ldn876oh shut up
The economies of sea side tourist locations without tourists go bust very quickly…………
So perhaps this will work out something like this. (1) Really rich people won't care as they'll just pay, but as the very rich make up a tiny proportion of this population, the council won't get the increase in tax revenue they really want (2) Middle class who've worked and saved to afford a holiday home will be squeezed out, and will go on foreign holidays instead, depriving the area of tourist income (3) property values will fall, as the demand will decrease (because if locals could afford the houses at current values, they would), so locals will see a fall in their property values. Perhaps these 2nd home owners may convert to buy-to-let, or perhaps AirBnB, so the property is not empty, and the income can pay the increase in council tax, which doesn't help the local property issue aiming to be solved.
They should do this throughout the UK, a home is meant to be lived in. People will still go to these areas as tourists.
Needed trying somewhere. Interesting to see how this works out
People will now see, that second homes were never the problem......locals still cant afford them....and if they can, they've got nothing left to spend...better blame someone else now.....
The issue, though, will be that landlords will now be forced to put rents even higher for people to live in rented accommodation to cover their additional costs.
So the locals will actually not win, unfortunately... and be forced to leave.
The tax doesn't apply to residential rentals, only vacant properties and holiday homes, so the idea is second home owners will either change the use to a private letting or sell the property bringing down rents and house prices due to an increase in supply.
"Forced"😂😂😂 surely that's the perils of capitalism, risk/reward, etc. Someone will lower their rent to outcompete and bingo, so another cycle begins.
When no one rents they will sell and with more houses available the prices will come down and people local to the area can move there or even those who want to live there that work remotely i would love to do tht but the house prices are crazy
Additional cost of owning fewer houses???
About time there was a tapered asset tax - those with 3 - 10 properties and those with 10 + should face higher taxes.
Whatever
Why? That sounds like jealousy at work, to me.
@@T5Zplayer grow up
Absolutely!
green eyed monster makes an appearance again
Meanwhile Westminster has one of the cheapest council tax’s in the UK….where all the MP’s have second homes!!!
Is that the council, which earns more than £200 million/annum in parking charges and parking fines?
Sounds about right
People selling their second houses to people buying second houses.
As long as the newbies are willing to pay the new community charge, why not !!!
Higher middle class selling to the upper class. Worse situation.
The locals won’t be buying the £750,000, two bedroom, sea view cottages that are now flooding the market.
I guess they will remain empty.
When they drop to a realistic price they will, Mr 2nd home owner
@@narannavanthe current outlook is that prices will increase 2.5% this year.
@@narannavan I don't own even one home.
Its all part of a larger market though, it will bring demand down for those more expensive houses, so perhaps someone in a £500000 house will upgrade, and free up a house for someone currently living in a £300000 house etc.
Well they can't only do the houses they also got to create jobs and opportunities to get people to want to live in places like this and it can't just be dead end jobs
These rich people have pushed the prices of owning a house in Pembrokeshire through the roof. It's absolutely laughable when somebody who owns a £500.000 house can't pay a little bit more Community tax charge. This is a classical example of the greedy rich who will avoid paying their fair share of taxes and will even sell their homes at a loss ... good riddance to them, Empty homes will bring the prices down again !!!
Why should someone that's worked harder than most and can afford a second home have to pay more than everyone else
@@simonm9097because,I'm afraid, the wealth disparity between the lower and upper classes has become so huge and unrealistic, it has caused a serious housing crisis. I'm afraid this commenced when thatcher became prime minister. Free market economics simply does not work. I don't begrudge anyone who works hard trying to aim for a better life, we all aspire to do that. But, my last job really was seriously hard work, delivering medical supplies all over London and the south east; 75 to 80 hours a week, 2,000 miles a week, heavy lifting, no lunch breaks, all for £27000 a year back in 2003. I would say it was a very important job.....what's the point in Doctors writing prescriptions if the stock isn't there? I don't think it's a hard work problem. It's more an indication of a systemic problem, not recognising and implementing far more realistic salaries.
So worked harder? Are all these homes owned by nurses, care workers and junior doctors then, and not through inherited wealth or knowing the right people in the city then?n@simonm9097
Ministry of Defence has 10,000 long term empty homes, costing the taxpayer £25M annually to maintain.
Amazing.
75% for single people
100% normal rate
200% for second property
300% for third property
Rate +50% for empty properties
LOL
hopefully the lack of buyers at the current prices will drive the prices of these homes down below they're totally over inflated valuation and to a level where regular people can afford them and in turn make it easier for locals to buy.
That is a great idea, they should be forced to sell them for what they paid for them.
I love how everybody knows homes are too expensive, the news reports this for 10 seconds a year. When house prices go down, houses becoming affordable becomes a disaster. Oh no. An area with low wages has more houses available and house prices may come down, how will those on low incomes come when houses become affordable!
What a cracking and very fair idea ! I can only see good coming from this. All councils should follow suit.
Can’t wait to see the downturn in those area and eventually bankrupt councils!
tianamen square bro, tianamen square
Any emty space should be overtaxed, considerable overtaxed. I hate too see empty shops and empty houses.
If less people own 2 or 3 houses, there must be more to go around.
This proposal does not solve the housing problem and just chases away wealth, it is just more tax that will kill growth.
totally, it just chases the people who are already leaving as fast as they can. Its another stupid short sighed change.
@@tarmactrailandtracklet them leave. Brexit means brexit
Second homes are a disaster for the afflicted community
@@zrymill There is no evidence for that whatsoever, making a place desirable to live in creates business opportunities, the housing crisis is the failure of central and devolved government. Labour carried on with the Tory policy of selling off council houses. This is where we are now.
Boohoo 😢 how sad rich people selling their second homes because they don’t want to pay tax.
Won’t someone think of the poor absentee landlords.
Lol !
Clueless comment
All most of them will do is declare the second home is the wife's home. This will, as usual, affect those less able to manipulate the system.
See them cry and call it jealousy when their greed is literally inflating the property prices and pricing out young people and families out of the market. Selfishness at its finest
@@T5Zplayer Only your comment is clueless, at least explain your POV, not that I will check back anyway.
Hello? there is a tax loophole if the property is for sale - an empty home for sale is tax exempt but they will have to visit the property to care for it though
This is fantastic! Need to do this in rest of UK, then no housing shortage.
It all depends on who is buying up the properties that are getting sold. If it’s the banks or corporate interests, who help to maintain the madly inflated house prices in the area, then it’s just more of the same. If the housing market crashes to a reasonably appropriate level so that average working locals can afford to purchase them, then it can only be a good thing. I would be highly and pleasantly surprised if it was the latter. If it turns out to be the former, then it is more of the same transfer of wealth and property to the Uber wealthy corporate interests, with appropriate rewards for the policy makers, I wouldn’t wonder.
There'll still be a housing shortage fgs. The issue isn't a tiny number number of people with second homes, it's the extra 10 million people that have rocked up here in the last 5 years and the government printing billions of pounds that causes asset inflation - property being one of them.
Its about time second homes were taxed accordingly, these are usually owned by people with money other that your normal working families. They can still have their second homes for their holidays by using the local hotel accommodation. Then the could still use the local restaurants.
If they are let out to be holiday homes then the local services are being used year round and still need to be funded. The local population should not be effectively subsidising multiple homeowners and holidaymakers.
Landlords complaining that the amount they charge per day is now being eroded by council tax payments per month - all while keeping the profit capital out of the local economy and often spent elsewhere - will be surprised at the lack of sympathy.
In fact it is pretty normal to have a news story where individuals are affected, but almost nothing about the long term effects felt by a large proportion of the local population. Partly because it is not a short attention span news story. Did anyone really come out of this 3 minute story having a real feel for the pros and cons - or any studies at all - on the effects to differing sectors of the community?
I live in gloucestershire. When the 2nd homers go back home, they leave a desert. The schools shut down, the fancy resturants come and go, and locals are forced to live in gotty ex council rentals. Raise the second homes council levy to200 hundred percent, and raise it by 20 percent each year for next 5 years. Double second home stamp duty, and make all second homes grade 2 listed.
blaming someone else for your personal issues isn't going to solve them
This doesn’t address people who can’t afford to by it just changes the business model the majority will go on the private rental ma
That's part of the idea. There are very few traditional rental properties in Pembrokeshire as it's more profitable to rent them as holiday let's for 12 weeks a year.
This Council Tax premium, in conjunction with the need to rent 182 nights a year to become a holiday let on zero rated business rates has seen a lot of holiday lets become traditional rentals.
And that's fine as there is still a massive over supply of holiday lets.
If wages are low, then house prices should be low too. There needs to be an adjustment where house prices fall, and thats what the 'industry expert' is worried about
why don't they build 2nd homes in Moss side ..jaywick ..Blackpool ..Glasgow ..Rhyl ..etc etc there are plenty of places they could all move to !!
It’s the people who own *only one home* and live in this area that I feel sorry for.
They will have bought their home at a premium price with a big mortgage. And now, the value of that home will be in free fall, putting them in some pretty dire financial trouble
Depends on whether they are looking for a quick sale after a recent purchase or a long term stay. Market trends over 10-20 years will even out changes in value.
@@unusg1 fair point, but I’d still be pretty miffed if I’d bought in the last five years and am paying a mortgage. Owing more than your home is worth is never a nice feeling
Nothing is going into free fall. House prices just go up and up
I rented a place in Tenby for a week was lovely but if I cannot rent a place then I would not go who is going to suffer not me just the people who work there
Plenty of hotels available
@@Kikiconsilience not with 2 dogs
@@bombardierboerboelsYou'd be surprised how many hotels accept pets these days
totally, the 2nd home as rentals/Airbnb and all that keep the local shops busy. Without them the people who are likely to live there would not be supporting the local shops even over the 12 months.
How many homes does one person need?
There will be many attempts to bring the house market down.
Hopefully some good buying opportunities.
A lot of people have second homes, especially in London, people have their homes far away from their workplace so they purchase another home closer to work and often rent out their main home which is often situated in a nice area.
Presumably 'locals' sold out to the second homeowners in the first place. Parents died or job in the big town - I'll make a quick buck.
Second home bought by a landlord, rented to a local at inflated rent and difference picked up by the...!
double standards, the locals want to make a quick £££ then dont like the prices going north!
My council tax is around £10 each year - and VAT is 7%, but there again, I don't live in the UK...
Starmers stealth taxes will cripple this country
This policy has been in place for at least 3 years.
Pembrokeshire has some of the most affordable homes in the UK. It's just a few small places like tenby that have inflated prices. Dave from the pub still is'nt going to be able to afford the houses on the front overlooking the sea if Geoff from London sells it.
This attack on mainly older successful people is made possible in the pressure cooker created by irrational migration policy and ongoing restrictions on developing land for new detached houses. The measure is unlikely to raise a single dime for the government on net accomplishing nothing more than social engineering through taxation. The owners should rightly take their money and spending not just out of Wales but to a country where they are treated as if they've earned their money and the right to spend it as they wish, rather than being blamed for social ills they didn't cause.
Locals in popular tourist areas often complain that second home owners push up prices. They should be happy if this change happens. Will it apply to the royal family?
Great idea. should be 300%. Local homes for local people
It is 300% on top of the standard rate ie 4x the normal council tax.
Local shop for local people. We don’t like outsiders.
@@Anonymous56657 the locals with no money LOL
Good. This needs to be done everywhere so more houses are on the market. More competition also means lower house prices. However, the government also needs to do more to assist first-time and single-home buyers. If they can afford rent, they can probably afford a reasonable mortgage, especially if jobs are made more secure, available, and reasonably paid.
Two or three young adults should pool together to buy a house, and at least they will have a start in home ownership.This is the only solution due to the exorbitant private rent costs.Rent controls please, as found in most of Europe.
More affordable housing would create a much fairer and human friendly system.
I think a good idea would be to give councils the power to designate a property as a home of primary occupation, the owner being obliged to live in the property and be forced to sell it if unwilling to do so. This would be in areas where this is an issue
How is that even legal? Council tax is a payment for service essentially (fire, police, bins, street lighting etc). If I own a house I live in for 2 months in a year I'm hardly using any of those services and am supposed to pay 3x as much as someone living there all the time? Absolutely rubbish!
A very short sighted plan from the government. People will be stretched financially if they buy, so they won't be able to afford to treat themselves with eating out etc. Air b n bus bring in income all year round and people who visit, tend to spend more. I understand the frustration of locals not being able to buy, but if there aren't any jobs, locals won't stay anyway.
Surely there's a better 'down the middle' approach?
Does that include all the mps with second homes.
Living in the area locals still won’t be able to afford the homes. They are very expensive and wages are very low in Wales. .
We now live in France and all second homes pay a second tax on holiday homes.
Remember those things called hotels ?
IF THEY CANT AFFIRD MIRE TAX ON SECOND HOME HOW DID THEY AFFORD A SECOND HOME IN FIRST PLACE, ?
Terrific should never have been aloud. Should have happened 20 years ago.
Houses are homes. Not commodities.
Tell that to anyone under 50 - who EXPECTS to profit from house price inflation. In the 50's, 60's,70's and some of the 80's people bought houses as HOMES...................then greed got ahold of society.
@maxthelab8457 Well that's the whole essence of the problem.
Nobody wants to compromise their own pot of gold to ensure people in society as a whole are housed.
The Turkeys won't vote for Christmas and the house is 100% Turkeys with property portfolios.
@@maxthelab8457I'll tell it to anyone who will listen.
Right is right. Our housing market is wrong.
RENT is THEFT.
End of story.
Do the same for the rest of the country and it may help our economy
Im effing sick of these hikes!!
I have moved homes rental from £757 to £1400!! Its a joke! I want to get on to the property ladder unable to due to these hikes! Not to include the bills!!!
personal problem not a national problem
@@tarmactrailandtrack yeah personal but the price hikes is a national problem too
There are a few politicians with second homes in Pembrokeshire, Mark dickford being one of them. He was the leader of Welsh labour in the the Welsh assembly in Cardiff. Just goes to show how concerned politicians are about first time buyers getting housing locally....
The second home also need to be tax on the house prices increase every year to. House prices need a big adjustment.
Good - more supply, reduce housing supply in some regions in the UK. Alternatively, second home owners can keep but will pay higher taxes to assist with net debt, NHS budget, public services.
Excellent. Hope Scotland does the same.
Great!!!
More homes for local welsh people!!!
I was in conversation with a local chap in Cornwall a few years ago who was moaning about 2nd home owners, I mentioned that they bring in work to the local area when they have the houses refurbished or maintained, he hummed and ardd but it turned out he was a tradesman who I see the next day up a ladder refurbing a 2nd homeowners roof!, hypocrite comes to mind!.
Fantastic start. Lets increase it to 10x. Noone NEEDS a second home when so few people can afford one.
"The council believes it will bring in over 10 million Euros". This isn't about helping locals get on the home-owner ladder, it's bout the council bolstering it's coffers. What an absolute disgrace!!!
What about someone renting and paying council tax for a second property 🤔 do they need to pay higher council tax?
Yes. That’s the point. They’re increasing council tax on second homes. 🤔🙄
@@arghjayem not on rentedout to tenants. It becomes a standard tenancy. If it is kept for holiday letting, it has to be put on business rates, and have a newly raised number of letting days per year to qualify. Few Welsh holiday cottages can achieve the occupancy now demanded.
Good news for seaside towns and anyone who needs a home
This VT is only looking at one area. There’s 2nd homes countrywide and each area has different economic benefits. Need to get London housing prices down 10%.
So now all those lucky locals have houses they can't afford to buy. Nice move!!! How to kill a town.
Either way it kills towns and communities. We haven’t had a next door neighbour for years, been empty for about 5+ years (apart from a few months).
Just means higher expense claims for MP’s.
The second home owners spent a lot of money in local restaurants, pubs and shops. If they leave many jobs for locals will be lost.