East Devon: the rural premium and lack of affordable housing

” …The latest Halifax rural housing review found that rural homeowners in Devon and Cornwall are paying an average of £56,000 more for their properties than an urban equivalent. …

… Figures also revealed that the South Hams and Eastern and Northern parts of Devon are among the ten least affordable rural districts in the country. …

… Social housing was found to account for just 8% of housing stock in Torridge, 9% in Teignbridge and East Devon and 10% in North Devon and the South Hams.

The national rural average for social housing is 12% and the typical urban rate is 19%.”

http://www.westernmorningnews.co.uk/56-000-premium-rural-lifestyle/story-24519038-detail/story.html

One thought on “East Devon: the rural premium and lack of affordable housing

  1. You have to feel sorry for any young people growing up in Devon knowing that they probably will not be able to afford to stay living here.

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