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Residents of a pretty seaside town furious with posh second-home owners as prices triple

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House prices in Nefyn, North Wales have risen an incredible 175% in just 12 months and born and bred locals say they have no chance of owning a home in the area.

Locals in Nefyn, north Wales, say they have been locked out of the area because of price(Hadyn Iball / North Wales live)

Locals living in a picturesque Welsh seaside town say they have been forced to leave the area thanks to an influx of second home owners.

Properties values ​​in Nefyn, north wales increased by a staggering 175% between February last year and the same month this year, according to Rightmove.



The average property in the town, which is located near Snowdonia, now costs Β£449,750, well out of reach for many first-time buyers born and bred in the area.

Residents blame the rise in second-home owners who they say often rent out their properties to tourists as a way to earn money.

Even renters have been left without options, and the few houses available for renters have been placed on AirBnBs for tourists or bought out of the box.

House prices in Nefyn have almost tripled in 12 months(fake images)

Morgan Jones, 30, said Sun he was forced to stay with his parents after he was unable to find a rental of his own.

He logs in 80 hours a week running his own restaurant in Pwllheli, a town seven miles to the south.


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