A colourful seaside town known famous for its colourful seafront homes and sandy beaches is facing a housing market in freefall, as dozens of holiday property owners rush to sell up in response to steep council tax hikes.
The coastal town in Pembrokeshire, recently voted the 'best' seaside town in the UK, is reportedly experiencing a wave of sell-offs after the local authority imposed a 200% council tax premium on second homes last year, which has since been reduced to 150%.
In Tenby, over a quarter of all properties are classified as holiday homes, with 154 of them lis...
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