200% second home tax in Tenby, Wales, leads to property surge and concerns over tourism industry impact.
Tenby, a seaside town in Wales, is facing a surge in homes for sale due to a 200% tax premium on second homes imposed by Pembrokeshire county council. This tax has prompted many second home owners to sell, raising concerns about negative impacts on the local tourism industry and businesses. With about 25% of Tenby’s housing stock being second homes, the council will reconsider the tax policy in October amid ongoing debates about its effects on the local economy.
September 01, 2024
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