'Without second home owners, we wouldn't have a High Street'
Original Article Summary
Tax on second homes raises £14m but traders say their high street depends on custom.
PropMatch Curated Analysis
North Yorkshire Council's double council tax on second homes is causing property sales in Filey, with local businesses fearing loss of customers while the council argues it will improve housing availability for locals.
Investor Relevance
Holiday let investors face significantly increased holding costs through council tax premiums, potentially affecting investment viability and exit decisions, while illustrating the broader policy trend spreading across UK coastal areas.
Original Source:
BBC NewsStay Updated
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