Thursday, October 30, 2008
The average property price in Cornwall is now more than 14 times the average wage
"Statistics in the report show that the average salary in Cornwall is just £16,484 yet the income needed to be able to get a mortgage to buy a home in Cornwall currently stands at £63,128. The average house price in Cornwall is £232,578." -Still a long way to fall then! "There are areas in the South West which are among the most unaffordable places in the country to buy a home and we also have the highest proportion of second homes." -Well that is already starting to change. If you look on Rightmove, a large number of Holiday lets are starting to come back on to the market, a trend that in my opinion will accelerate as holiday belts tighten.