Pirate FM News

Keep up to date with the latest news delivered direct to your Inbox.

Cornwall's Housing Crisis Deepens

news - housing
Submit this page to redditDelicious

10:44am 17th August 2012

We are being warned thousands have no hope of ever getting on the property ladder.

It is as statistics show prices have more than doubled between 2001 and 2010, but earnings have only risen by a third.

Jenny Allen from the National Housing Federation says deposits are getting harder to get together too. She said: "Cornwall actually faced the biggest increases in requirements for deposit across the whole of the south west. If you're looking to buy an average house in Cornwall you're looking at finding £55,000. Which is over a five times increase"

"Many many people just can't pull together that kind of money. £55,000 for a young couple starting out looking to move into their first home. It's got to be nearly impossible I would have thought to find that kind of money without assistance from someone else"

10:44am 17th August 2012

Share This Story

Submit this page to redditDelicious
Suggested articles
storm waves 2

WATCH: Wind warning for whole of Cornwall

The Met Office has put out a yellow weather alert

birthing centre - baba appeal

PHOTOS: See inside Cornwall's new birthing centre

It's thanks to the BABA appeal at Treliske

Most read
city of lights

WATCH: Truro City of Lights postponed

Bosses say it's 'not safe' for the event to go ahead this week

body in truro

Body of woman found in Truro

Police are treating the death as unexplained

Top articles

Cornish pensioner who killed wife given hospital order

Cornwall News: Douglas Addison was charged with her murder

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.

Inter-generational split over trust on the economy revealed

National News: A huge inter-generational divide has been revealed over whether Labour or the Conservatives would be best at running the economy.

UPDATE: Body found on popular Cornish beach

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

The Likely Lads star Rodney Bewes dies aged 79

Showbiz News: Actor Rodney Bewes, best known for his role as Bob Ferris in The Likely Lads, has died aged 79.

Uber hackers stole data from 57 million people

World News: Hackers stole data belonging to 57 million Uber customers and drivers in 2016, the ride hailing app has confirmed.

England 49-12 Canada: Red Roses wrap up series

Sports News: The Red Roses ran in eight tries as they beat Canada 49-12 in the second Old Mutual Wealth Series Test match at Twickenham Stoop.

West Ham fans warned not to ring 999 as Watford defeat prompts emergency call

Strange News: West Ham fans have been warned by police not to call 999 over their team's poor performance.

Newer article

'Time Waster' 999 Calls Up in Cornwall and Devon

Cornwall News: One woman called dialled emergency to complain about her plug sockets

Older article

Wild Weather Warning

Cornwall News: Sea rescues as forecasters put out fresh warning

Pirate Extra Pirate 70s Escape LoveCornwall