Pirate FM News

Keep up to date with the latest news delivered direct to your Inbox.

20 Year Wait To Buy in Cornwall

news - housing
Delicious Submit this page to reddit

7:01am 19th June 2013

Pirate FM has learnt a home in Cornwall takes a first time buyer twenty years of saving.

With a family the figure is sixteen.

Housing charity Shelter warns that is one of the worst in the country and says we desperately need more affordable homes.

Zoe from Wadebridge said: "I think we know that, when we come to buy, it isn't going to be in Cornwall. When we're old and rich we'll move back.

"There's no jobs in Cornwall - so we'll go where the jobs are and see where it takes us.There's houses round here, there's lots of houses for sale. It's just how the market's gone."

Shelter chief executive Campbell Robb said: “This is the first time research like this has been conducted at a local level to reveal the harsh realities that ‘generation rent’ is having to confront because of our shortage of affordable homes.

“Despite working hard and saving what they can each month, young people in the South West face life-changing choices between starting a family or buying a home of their own. Imagine a 28 year old couple weighing up their options: they can save for a home now and put off starting a family until they’re 35, or they can start a family now but accept they’ll be renting until their child is a teenager.

“Meanwhile, single people face an added pressure to either find a partner or to live with their parents well into their thirties if they’re ever to have a hope of saving enough for a deposit.

“It seems the only ones with any hope left are the few who can resort to the bank of mum and dad. But with so many parents already feeling the squeeze, this is not a sustainable option.

It says the number of new homes being completed in the southwest over the last year has fallen 38%.

That is helping force up rents, making saving a deposit even harder.

7:01am 19th June 2013

Share This Story

Delicious Submit this page to reddit
Suggested articles
paul stowe

PHOTOS: Cornwall's Top 20 Cold Snap Snaps

We reckon the Tamar Bridge looks more like 'Fairytale of New York'

dog beach

WATCH: Calls For Doggy Business Directory In Cornwall

Crowd Funder launches for pooch-friendly website

Most read
joseph sciascia

WATCH: Race Against Time For Cornish Dad Dying Of Cancer

Joe Sciascia's family launch appeal to help him get married

police tape

Man "Threatened and Punched" In A30 Assault

Police appeal after it happened near Launceston on Sunday night

Top articles

WATCH: Race Against Time For Cornish Dad Dying Of Cancer

Cornwall News: Joe Sciascia's family launch appeal to help him get married

Pirate FM Cornwall News Update - 7th January 2016

Cornwall Video News: Officials say they’re holding talks to find new jobs for hundreds of workers in Bodmin.

Minimum alcohol price 'would improve UK health', says Public Health England

National News: The price of alcohol could go up after a report argued that minimum unit pricing would improve the nation's health.

Business Cornwall News - Friday, 18th December 2015

Business Cornwall News: Cornwall is spearheading reform of the Uk’s business licensing laws following a a year-long project.

WATCH: Top Five Manuel Moments

Showbiz News: John Cleese leads tributes after death of Fawlty Towers star Andrew Sachs

Colombia plane crash: Bodies of victims flown home to Brazil

World News: The Brazilian city of Chapeco is preparing to receive the bodies of 64 passengers killed when a plane carrying the local football team crashed in Colombia.

Colombia plane crash: Bodies of victims flown home to Brazil

Sports News: The Brazilian city of Chapeco is preparing to receive the bodies of 64 passengers killed when a plane carrying the local football team crashed in Colombia.

Giant foam 'blob' leaks from airport hangar and spreads in Santa Clara

Strange News: A giant 'blob' of foam has taken over the streets of a Californian town after leaking from an airport hangar.

Newer article

Rail-ly Good Idea?

Cornwall News: MP asks government to help bring mainline train services back to Bodmin town centre

Older article

Cornwall's £100 Million To Beat Fuel Poverty

Cornwall News: Duchy families offered free heating upgrades and home insulation to cut bills

Cornwall's Pirate FMPirate 2Escape to Cornwall radioLoveCornwall.com - The Cornish Business DirectoryPirate Education and Training

 

© Copyright Pirate FM

Pirate FM cannot be held responsible for the content of external links.

Close

We Use Cookies

This website uses cookies to store information on your computer.

By using this website you accept the use of cookies as explained in the terms of our cookie policy.