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Buyers Priced Out Of Home Market

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Buyers priced out of homes market


People living in rural parts of south Shropshire have the least hope of getting on the property ladder in the county, according to a new survey.

The survey says south Shropshire is in the country’s top ten rural local authorities with the least affordable property prices. The Halifax English Rural Housing Index showed that the average house value in the district council area was £212,564.

That is 8.7 times the average annual wage locally.

Councillor Heather Kidd, leader of South Shropshire District Council, today said that the district was doing all it could to help local people. She said: “We have a range of initiatives to support locals and are working with house builders and the housing association.”

South Shropshire’s efforts to build new homes for locals at affordable prices have been praised by Government ministers. The Rural Affordable Housing Commission also drew up a blueprint for all rural areas in the UK, which was largely based on the policies introduced in south Shropshire.

Commenting on the findings, Martin Ellis, chief economist at Halifax, said conditions were particularly tough for those in rural areas.

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Councillor Heather Kidd could assist even more by asking her colleagues to resign their positions and save the local taxpayers a fortune in council tax, that would be a good start.

Prior to that, she could discuss the release of land for building, that would also help, provided the Councillors do not ask for a back hander.

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  • 301 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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