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Wales is charging a 150% tax on second homes and it's working. (www.theguardian.com)

submitted 9 months ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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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).

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[–] Tippon@lemmy.dbzer0.com 1 points 9 months ago

They don't travel to clean up, they hire a cleaning company for a fraction of what they charged the guests. No-one's travelling half way across the country every week to change the sheets and empty the bins.