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

PHOTOS: Will This Create Almost 1000 New Jobs For Cornwall?

It comes after a six star resort near Wadebridge got the go ahead

ruthern bridge

WATCH: Cornwall Beauty Spots Added To 'At-Risk' Register

Ruthern Bridge and the HMS Colossus wreck named by Historic England

Most read
travis perkins

Job Losses At Building Supplies Firm With Branches Across Cornwall

We do not know which Travis Perkins sites will be affected

police line

Pensioner Dies After A30 Crash

Police say the 84 year old's car hit the central reservation at Launceston

Top articles

Care Worker Jailed For Pensioner's Murder

Cornwall News: Karen Pedley from Carharrack handed 14 life sentences

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.

Dozens ill as 'chemical incident' closes London City Airport

National News: Paramedics have treated 26 people after London City Airport was closed and evacuated over reports of a "chemical incident".

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.

Actress Shailene Woodley 'tells the truth' of her arrest

Showbiz News: Shailene Woodley has written an article "telling the truth" about her arrest for protesting against the Dakota oil pipeline.

Experimental Mars probe crash-landed and may have exploded

World News: A space probe that was supposed to look for signs of life on Mars has crash-landed and may have exploded, the ESA has confirmed

England forward Kruis out due to ankle surgery

Sports News: England forward George Kruis will be out for "a number of weeks" after having ankle surgery, say his club Saracens.

Shark-cage diver 'reborn' after close encounter with great white

Strange News: A man who survived a face to face encounter with a great white shark says he feels "reborn" after the terrifying incident.

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 2Pirate Oldies on DAB Digital RadioEscape 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.


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.