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Welsh locals have criticized second-home owners who they say have ruined their small town on the country’s idyllic Llŷn peninsula. Nefyn, near Snowdonia in North Wales, sits alongside sandy beaches in a coastal enclave protected by high cliffs. But despite being hidden in the countryside, residents have claimed demand from tourists has robbed them of a future in the community.
speaking to SunNefyn residents have said that people hoping to cash in on houses in the village have nearly tripled the prices of houses in the community.
Second-home owners have snatched up quaint properties, extinguishing the hopes of born-and-bred locals of buying their own.
Even renters have been left without options, with the few houses available to renters being placed on AirBnBs for tourists.
Morgan Jones, 30, said he was forced to stay with his parents after he couldn’t find a rental of his own.
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He logs in 80 hours a week running his own restaurant in Pwllheli, a town seven miles to the south.
He is “desperate” to buy a house of his own, but Nefyn’s house prices seem too out of reach.
A rental property is similarly unattainable, with no affordable properties available, and the few that ever come on the market are “buy immediately.”
A cursory search of local property sites shows a handful of rentals available, with just nine within 10 miles of Nefyn’s town limits.
The bistro owner said most of the houses he found for rent online were “about 20 miles away” from his hometown.
He is one of several locals who have called for urgent changes to Nefyn’s property market.
Cerys, 24, said she “could never save enough” for a house while earning £15 an hour as a pub waitress.
He blamed second-home owners for sending prices “spiraling upward out of the reach of the local population.”
She questioned who would help provide services for second-home owners and tourists if locals were kicked out of the village.
In February, real estate firm Rightmove found that home values in Nefyn had risen 175 percent in just 12 months.
Average prices currently sit at £576,333, rivaling those in some of the UK’s biggest cities.
They are more than double that in Pwllheli, where the local average is £236,076.
The prices mean that even high-income Nefyn residents who may once have had the money for a house are unable to enter the market.
Van driver Chris, 32, said his salary would have allowed him to buy a house “a few years ago” but the prospect is now out of reach for him and his two young children.
He only found a rental property thanks to a friend of his, who knew a local landlord, blaming “opportunists” for pushing the property market “out of the reach of local people like me.”
Estate agents believe prices will eventually cool off, but in the meantime, Nefyn locals must reckon with a market out of their reach.
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