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
lizzie miller baba  appeal

Cornish mum back Cornwall's neonatal appeal

It's after Treliske cared for her poorly baby

Most read
H&A 1

Death of young man at Cornish recycling plant

Police are making enquiries at the site in Redruth

train 1

WATCH: The new trains seen on route to Cornwall

The Intercity fleet will mean faster journeys

Top articles

Death of young man at Cornish recycling plant

Cornwall News: Police are making enquiries at the site in Redruth

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.

Helicopter pilot killed in Buckinghamshire mid-air crash named as Captain Mike Green

National News: One of the four people killed after a mid-air collision between a plane and a helicopter has been named as Captain Mike Green.

UPDATE: Body found on popular Cornish beach

Cornwall News: Police say death at Watergate Bay 'isn't suspicious'

'Visionary' AC/DC co-founder Malcolm Young dies

Showbiz News: Malcolm Young, who co-founded the hard rock band AC/DC with his younger brother, has died aged 64.

'Visionary' AC/DC co-founder Malcolm Young dies

World News: Malcolm Young, who co-founded the hard rock band AC/DC with his younger brother, has died aged 64.

Justin Rose leads in Dubai as Tommy Fleetwood stages superb fightback

Sports News: The 2017 European Tour season is poised for a thrilling climax with the Race to Dubai battle between Tommy Fleetwood and Justin Rose going down to the wire at the DP World Tour Championship.

Gritsy Bitsy and David Plowie show true grit to triumph in naming contest

Strange News: Doncaster Council's two new gritting lorries have been named after an "incredibly tight" public poll attracted more than 40,000 votes.

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

Pirate Extra Pirate 70s Escape LoveCornwall