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Cornish City Named 'Least Affordable'

news - truro

Published by the Pirate FM News Team at 2:41pm 3rd April 2012.

Truro is named the least affordable city to buy a home in the country.

A house in Cornwall's capital costs an average of £250,000 according to a new report from Lloyds TSB

It says the typical price of a home is nearly ten times the average local salary.

That means the city is outstripping places like Oxford and Cambridge.

Truro Mayor Rob Nolan is worried young people are being priced out of the local housing market:

"My daughter's living in a converted garage. That's the only thing she can afford; it's terrible. The very thing that makes Truro attractive, the fact that if you walk into town, you'll stop and have a chat with someone, you'll lose that if you just have a bunch of people who've moved down here to enjoy the trendy ambience."

Rob is urging the government to take action to tackle the problem: "People are having to stay at home living with their parents for much longer than they used to. It needs to be dealt with at national level, because it's happening across the country. We're particularly suffering from it, we can't give tax breaks down here just in Truro on our own. We need national government to deal with it, and we have to start lobbying them for it."

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