Holiday Home Tax: Downsizers' Delight

The winds of change are blowing through the holiday home market, and it’s creating a golden opportunity for downsizers.

With second-home owners facing heftier council taxes and saying goodbye to the furnished holiday lets tax regime, many are opting to sell. Enter the savvy downsizers, ready to pounce on these newly available gems.

Jennie Hancock, the astute founder of Property Acquisitions in West Sussex, has observed this trend firsthand. She notes that the influx of ex-holiday homes, particularly in the £1m to £2m bracket, is a dream come true for those looking to downsize. For years, the scarcity of suitable properties has been a major roadblock, but now, the tables have turned.

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Hancock highlights that many downsizers have been holding back, bogged down by Brexit, Covid, and economic uncertainties. But now, with time ticking, they’re seizing the moment. After decades in sprawling country homes, they’re ready for a change—seeking energy-efficient, low-maintenance properties in charming village locales.

Interestingly, this shift is not just about finding a new home; it’s about community revitalisation. As downsizers settle into these quaint villages, they’re bringing vitality and engagement, transforming once-quiet areas into lively neighbourhoods.

So, if you’re in the market, keep an eye on these emerging opportunities. Downsizing has never looked so appealing, with the added bonus of breathing new life into beloved local communities.

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Access from your preferred podcast provider by clicking here

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