Double Council Tax!!

ReadySteadyPop

So looks like the choices are 1) Pay the extra  2) Move back in or  3) Sell up?

Emmia

ReadySteadyPop said:

So looks like the choices are 1) Pay the extra  2) Move back in or  3) Sell up?

I think the OP @currantbun2 has given up on this, given they last logged in over a week ago. 

ReadySteadyPop

https://www.bbc.co.uk/news/articles/cvg9y544wx3o

Looks like it might not be totally straightforward to just sell a holiday home?

sheramber

ReadySteadyPop said:

https://www.bbc.co.uk/news/articles/cvg9y544wx3o

Looks like it might not be totally straightforward to just sell a holiday home?

Suffolk wasn't in Wales the last time  I Iooked.

It also seems to be in an area with many second homes , which may not apply to the OP's  house.


Their increased charge was already 100% which hasn't seemed to make any difference so hve now increased it to 150%. 

Thier intention is to increase the supply of houses for locals.  

If prices drop than that is to the benefit of any local buyers.

ReadySteadyPop

sheramber said:

ReadySteadyPop said:

https://www.bbc.co.uk/news/articles/cvg9y544wx3o

Looks like it might not be totally straightforward to just sell a holiday home?

Suffolk wasn't in Wales the last time  I Iooked.

It also seems to be in an area with many second homes , which may not apply to the OP's  house.


Their increased charge was already 100% which hasn't seemed to make any difference so hve now increased it to 150%. 

Thier intention is to increase the supply of houses for locals.  

If prices drop than that is to the benefit of any local buyers.

Not sure what you mean, the article is about Wales.

"Tom Williams has reduced the asking price for his house in Gwynedd by £40,000"

Bookworm105

ReadySteadyPop said:

sheramber said:

ReadySteadyPop said:

https://www.bbc.co.uk/news/articles/cvg9y544wx3o

Looks like it might not be totally straightforward to just sell a holiday home?

Suffolk wasn't in Wales the last time  I Iooked.

It also seems to be in an area with many second homes , which may not apply to the OP's  house.


Their increased charge was already 100% which hasn't seemed to make any difference so hve now increased it to 150%. 

Thier intention is to increase the supply of houses for locals.  

If prices drop than that is to the benefit of any local buyers.

Not sure what you mean, the article is about Wales.

"Tom Williams has reduced the asking price for his house in Gwynedd by £40,000"

wow, crashy ready steady pop finally finds an article that acknowledges his much predicted price drop 

I wonder how many times this link will now appear in future posts, out of context of course, just like in this thread where the OP was talking about their Suffolk property, which is not subject to the specific actions of Welsh councils responding to strong anti second home sentiment from their electorate..

ReadySteadyPop

sheramber said:

ReadySteadyPop said:

https://www.bbc.co.uk/news/articles/cvg9y544wx3o

Looks like it might not be totally straightforward to just sell a holiday home?

Suffolk wasn't in Wales the last time  I Iooked.

It also seems to be in an area with many second homes , which may not apply to the OP's  house.


Their increased charge was already 100% which hasn't seemed to make any difference so hve now increased it to 150%. 

Thier intention is to increase the supply of houses for locals.  

If prices drop than that is to the benefit of any local buyers.

Ok, looks like the principle idea is the same all over though, scare off second home owners and get them to sell (at a heavy discount) to a local? Problems might be that it won`t discourage AirBnB and larger companies that hoover up property for rentals?

TroubledTarts

ReadySteadyPop said:

TroubledTarts said:

FlorayG said:

I've been reading this thread with interest. I own a small cottage in a holiday town, it's rented out to a local but she's leaving soon and I intend to sell it. I wonder if it will be bought by another local or by someone who wants a second home or even by someone who wants to let it as AirBnB?

Still seems to be good business in Airbnb in the right areas, a few more hoops to jump through now.

Even when good holiday location properties come up locals can't always afford them (depending on the area)

A company we are staying with in the Cotswolds soon seem to be buying up any property in the village we are going to as their portfolio has tripled in the last few years. No signs of holidaying in popular spots subsiding.

Things can turn very quickly, if we entered a recession for example, companies like this (how are they viewed by the locals?) will probably go bust relatively fast.

actually, if you look at recession information people often holiday back in the UK with staycations.

I really do wish you would research first before you start things as fact

https://www.theguardian.com/travel/2009/aug/13/uk-recession-travel-holidays-staycation

https://the-cfo.io/2010/09/27/recession-gives-british-holiday-industry-a-boost/

When a recession ends people flock abroad but during they are more likely to holiday in the UK.

lincroft1710

Bookworm105 said:

ReadySteadyPop said:

sheramber said:

ReadySteadyPop said:

https://www.bbc.co.uk/news/articles/cvg9y544wx3o

Looks like it might not be totally straightforward to just sell a holiday home?

Suffolk wasn't in Wales the last time  I Iooked.

It also seems to be in an area with many second homes , which may not apply to the OP's  house.


Their increased charge was already 100% which hasn't seemed to make any difference so hve now increased it to 150%. 

Thier intention is to increase the supply of houses for locals.  

If prices drop than that is to the benefit of any local buyers.

Not sure what you mean, the article is about Wales.

"Tom Williams has reduced the asking price for his house in Gwynedd by £40,000"

 the OP was talking about their Suffolk property, which is not subject to the specific actions of Welsh councils responding to strong anti second home sentiment from their electorate..

About 40 years ago some of the more extreme "electorate" had a different way of giving second home owners "a warm welcome"

Grumpy_chap

ReadySteadyPop said:

Ok, looks like the principle idea is the same all over though, scare off second home owners and get them to sell (at a heavy discount) to a local? Problems might be that it won`t discourage AirBnB and larger companies that hoover up property for rentals?

That does seem to be the idea.
There is no guarantee, even if the idea is successful, that it will make property affordable to local residents.
The second-home owners / holiday makers spend money in the area when there and that spend creates a certain type of employment.
If that spend is eliminated, there needs to have been a strategy in place to create some alternative employment base.  One may expect that the LA will use the revenue collected from second-home CT premium to encourage that alternative business investment to the area...