Property Mark WTA Survey 2024 |
Introduction
This survey is for Estate Agents and Private Rental Agents only.
Closing Date 7 November 2024.
Since 2019, buyers, sellers and renters have been facing a rise in the cost of living and doing business, the effects of the war in Ukraine and covid, and, latterly, new Welsh Government policy.
The Wales Tourism Alliance in association with PropertyMark is trying to determine how buying, selling and renting decisions have changed since 2019. In particular, we seek evidence to see whether the Welsh Government’s “three pronged approach” to limit the number of second homes is meeting its aims of increasing the number of affordable homes (bought or rented) in some parts of Wales. The findings of this survey will be included in a report presented to the Welsh Government’s Cabinet Secretary for Housing.
This survey seeks a level of granularity which you may not be able to provide. However, we would still like to hear from you with as much detail as possible - rough percentages, general trends - so please add anything additional that you would like to say in the final section.
Please note the following definitions (NB: These definitions do not refer to the 182-day taxation rules but the actual use of properties):
· “Second Home”: Not the owner’s primary residence. Used only by the owner and friends.
· “FHL”: Not the owners’ primary residence. Furnished holiday lets used solely for short term leisure stays at a commercial rate with no periods of owner residence; professionally run, regulated businesses. May be locally owned but not necessarily
· “Mixed use”: Property bought as a second home but let casually at a commercial rate for periods to help raise income to offset costs. Not regulated businesses. We do not refer to these as ‘Airbnb’s as many FHLs now use that platform as well to promote their businesses alongside casual, unregulated letting of properties
· “Rented Homes”: Privately owned properties occupied by long term tenants as their primary residence.
· “Primary Home”: being purchased as a primary residence.
PLEASE DO NOT INCLUDE COMMERCIAL PROPERTY (UNLESS IT FITS INTO ONE OF THE ABOVE CATEGORIES)