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."

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