Pirate FM News

Could Cornwall Face A Housing Price Hike?

news - housing

Published by the Pirate FM News Team at 8:02am 4th January 2015

Cornish estate agents are predicting house prices will rise this year.

But they admit it won't be anything too dramatic.

It is as the Duchy struggles with second home buyers and a lack of affordable houses.

But the number of second home buyers is slowing, with more making a permanent move to the Duchy.

Duncan Lay is an estate agent in Truro, he said: "There is a shortage of houses in Cornwall, there always will be I suspect.

"It is an ongoing concern for those of us who live here, it is very difficult to find enough work that allows you to get a mortgage and pay the bills for an average property in Cornwall.

"What has been encouraging over the past few years is the increase in the number of out of county buyers who are buying properties and making the permanent move, less so are they buying second homes."

some great deals from pirate fm
Email Icon

Sign up for exclusive news, competitions and offers.
Proper Local News updates from Pirate FM

Suggested articles

Trending in Cornwall

Cornwall MP quits his treasury role over Brexit

Scott Mann calls leave plan a 'watered down deal'

33 news homes proposed for picturesque Cornish village

15 are being earmarked for affordable housing.

Woman dies after being pulled from the sea off Cornwall

Rescuers rushed to Porthleven after a 999 call

WATCH: Satellites set to launch into space from Cornwall

It may happen within three years after Virgin Orbit deal

PHOTOS: Strange foam appears on busy Cornish roads

It happened after a burst of heavy rain on Monday

A biker suffers life-changing injuries after east Cornwall crash

Man airlifted to Derriford after collision on the A390

'Alarm bells' over planned changes to south-west trains

Critics angry a consultation refers to us as 'extremity'

WATCH: Prince Charles and Camilla back in Cornwall

Check exactly when and where to see the royals

VIDEO: Cornwall celebrates biggest one day show

Stithians has food, farming and even a pop-up festival

Police warn of substance-taking at vigil

Police want to remind young people of the dangers surrounding drug taking

More news...

Pirate Extra Pirate 70s Escape LoveCornwall