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Realistbear

M P Takes A Stand Against House Price Insanity

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http://www.northdevongazette.co.uk/northde...3A29%3A24%3A407

House price woe, by MP

devon.editorial@archant.co.uk

22 February 2006

NORTH Devon MP Nick Harvey MP has labelled increasing house price rises in North Devon as unsustainable.

The report shows how North Devon houses have gone up by three per cent on last year compared with a
decrease of three per cent across the South West
.
Over the past five years house prices have risen by 164 per cent in North Devon, while the increase was half this in the rest of the UK.
Recent rises meant that the average North Devon house costs around £219,000 which was around £42,000 more than the national average, said Mr Harvey.
This was particularly concerning when coupled with the ONS figures reporting average wages in North Devon to be 18 per cent lower than the national average.
Mr Harvey said: "This report confirms the obvious, that we cannot sustain a situation where house prices are consistently higher in North Devon than the rest of the country when wages are £76 a week lower than the national average.

Where wages are lowest house prices are highest? :blink: "Where prices are unsustainable they are not sustained." (Tautologous Tim)

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Guest Bart of Darkness
NORTH Devon MP Nick Harvey MP has labelled increasing house price rises in North Devon as unsustainable.

How many years has it taken him to work this out?

Sheeesh! :angry:

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Mr Harvey said: "This report confirms the obvious, that we cannot sustain a situation where house prices are consistently higher in North Devon than the rest of the country when wages are £76 a week lower than the national average.[/indent]

Where wages are lowest house prices are highest? :blink: "Where prices are unsustainable they are not sustained." (Tautologous Tim)

Not to bang on about it, but instead of writing another email here, write you're next email to you're MP, and CC it to the local papers and you're director of planning. It will achieve more. It only takes a min.

Edited by jellybean

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  • 302 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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