Tenby tax hike forces second-home owners to sell

House prices in Tenby, a Welsh seaside town, have significantly decreased as second-home owners rush to sell due to a council tax increase. The council tax on second homes in Tenby was initially raised by 200%, later reduced to 150%, prompting many owners to list their properties. Over a quarter of Tenby's properties are holiday homes, with 154 currently for sale. Estate agents report a "crippling effect" from the tax, with asking prices in the broader Pembrokeshire area also falling. Similar issues are arising in other seaside towns, as owners seek exemptions by listing their properties for sale.