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Welsh second homes restrictions will hurt estate agents says property trade association

25 Feb 2022 3 minutes Read
Estate agent. Picture by Malcolm Lawson (CC BY 2.0).

Restrictions on second homes planned by the Welsh Government will hurt estate agents, a property trade association has said.

Propertymark said that the plans to allow local authorities to more firmly regulate the buying and selling of second homes would add complexity to the buying and selling process, meaning potential delays and costs for sellers and agents.

The proposals would require pre-purchase planning applications to change a property’s use into a second home, which could slow down the conveyancing process and cause some sales to fall through, they said.

Daryl McIntosh, Policy and Campaigns Manager for Propertymark, said: “Firstly, we do not believe that use of a dwelling as a second home for private use constitutes development.

“Secondly, there is also just not enough evidence that an additional layer of bureaucracy will have anything other than a negligible impact on issues raised over second home ownership.

“Purchasers of additional homes are already subject to the higher rate of Land Transaction Tax (LTT) and councils have powers to charge up to a 100 per cent premium on Council Tax, but the majority choose not to do so and we need to understand why.”

They were also concerned that moves in Wales could lead to parts of England, such as the Lake District and Cornwall being allowed to follow suit.

The Welsh Government’s proposals would create new use classes for second homes and short-term lets which would enable local planning authorities to manage their development.

Homes would be designated primary homes, secondary homes and short-term holiday lets, and the numbers of second homes and short-term holiday lets would have to be taken into account when considering the housing requirements and policy approaches in Local Development Plans.

The Welsh Government’s consultation on the issue closed on Friday.

‘Vital’

On Saturday 1,200 people held a rally in Aberystwyth to call on the Welsh Government to act more decisively on the second homes and the housing crisis.

Cymdeithas yr Iaith who organised the protest said that they recognize that the plans set out in the consultation addressed some of their concerns, but also called for a Property Act that would provide a home for everyone and strengthen communities and the Welsh language in all parts of the country.

“Following pressure from people from all over Wales, the Government launched two consultations, one on creating a new use class and the other on the Government’s Welsh Language Communities Housing Plan,” Mabli Siriol Jones, Chair of Cymdeithas yr Iaith, said.

“Pressure has had an effect, and today’s intention is to keep the pressure. We need an effective Property Act that will take the housing and planning system out of the free market and put it under the democratic control of our communities.

“We held the rally today, on the 60th anniversary of the broadcast of Tynged yr Iaith, a lecture which inspired the founding of Cymdeithas yr Iaith later that year. We have won several campaigns since then, thanks to the work of ordinary people, and we are confident that we will win this fight as well. ”


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JAD
JAD
2 months ago

No surprises there, they’ve been lining their pockets out of this situation for years. Estate agents and morals share the same relationship as Boris and the truth.

Last edited 2 months ago by JAD
Cynan
Cynan
2 months ago

Oh dear. What a pity. Never Mind

hdavies15
hdavies15
2 months ago
Reply to  Cynan

A “profession” deserving all the misery that piles up at their front door. They have exhibited parasitic behaviours of the worst kind in recent decades.

Llefain
Llefain
2 months ago
Reply to  Cynan

I came here to say this. 😂

R W
R W
2 months ago

Diddums!!

I.Humphrys
I.Humphrys
2 months ago

Boo Hoo!

GW Atkinson
GW Atkinson
2 months ago

Oh no, those poor scumbags.

Marc
Marc
2 months ago

What does the property trade association think they’ll archive by this statement? Do they think the average person in Wales gives a flying fig if an estate agent rakes in a little less cash? Au contraire ,It’s just another positive reason to bring in legislation, I thank them for their support!

Dean Thomas
Dean Thomas
2 months ago

Looking for a house a year ago, one estate agent was laughing as she admitted to me that they push up prices in certain “tidy” areas inland, or by the sea, to attract second home owners and English retirees. I told her exactly what I thought of that.

Mr Williams
Mr Williams
2 months ago

‘Welsh second homes restrictions will hurt estate agents ….’
Estate agent companies never cared about hurting young first time buyers or the low paid, so no sympathy!

Quornby
Quornby
2 months ago

Oh dear…… poor estate agents….. God bless the money-grubbing parasites.

Wrexhamian
Wrexhamian
2 months ago

They have brought it on themselves. Their attitude to the Bro Gymraeg housing crisis stinks. A drop in their profits is not an issue that anyone in Wales should be losing sleep over.

NOT Grayham Jones
NOT Grayham Jones
2 months ago

Everyone on here seems to forget or ignore the fact that most second homes are bought from local people who are only to happy to accept higher prices-

Llefain
Llefain
2 months ago

An older couple here recently wanted to sell their home (on a cramped, normal housing estate) ideally to a young family. They took care and decided to sell it to a couple with a small child. All of a sudden, within weeks, it is on Air BnB. This pathetic narrative that people can do anything to stop the travesty of second homes by selflessly, en masse, accepting less money and taking extra care who they sell to needs to stop. It is a ridiculous diversion fallacy, whataboutism, and it’s not even true. The fault lies solely with the selfish and… Read more »

Richard
Richard
2 months ago

I see its Central Office Troll 😈 time / usual line born out by facts ? I think not ….🤥

Last edited 2 months ago by Richard
NOT Grayham Jones
NOT Grayham Jones
2 months ago
Reply to  Richard

Actually im a born and bred Welsh man who has lived in Wales for 60 years- non political who is not anti any race unlike THE REAL GRAYHAM JONES and most of you on here. There is more to this than the hatred and bile you all spread but then you do not want to have a sensible discussion. As per usual my remarks will be voted down and removed which is par for the course i suppose similar happens in the Russian press and look at whats happening with them!!

Wrexhamian
Wrexhamian
2 months ago

This isn’t about race, although you’d like it to be. It’s about a housing market free-for-all that excludes local people, predominantly Welsh-speaking from having a stake in their own community.
Claiming to be Welsh doesn’t validate your argument one iota. All your comments under your various pseudonyms are anti-Wales.

Ieuan Evans
Ieuan Evans
2 months ago

All I can say is GOOD

Grayham Jones
2 months ago

No more second homes in wales 🏴󠁧󠁢󠁷󠁬󠁳󠁿 we could be talking over by the English Russians it’s time to stop all second homes in wales 🏴󠁧󠁢󠁷󠁬󠁳󠁿 it’s time for a new wales 🏴󠁧󠁢󠁷󠁬󠁳󠁿

Dyn Cwm Rhymni
Dyn Cwm Rhymni
2 months ago

This is a step in the right direction, and about time too. I intend going on holiday this year to North Wales. Caravan or hotel for me. No support for the holiday home from me. A holiday home or second home is a home lost to the community.

William
William
2 months ago

Typical,never mind locals can’t afford to buy,what about my commission.

Kurt C
Kurt C
2 months ago

Sympathy for estate agents, that’s not a real thing. They have helped accelerate prices out of people’s reach as much as anyone. No sympathy from me.

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