“Inflation may have dipped into minus figures, but rents have leapt by an average of between 6.3% and 8.5% over the past year, according to two reports, highlighting the dramatic extent to which the cost of a place to live has uncoupled from the cost of living.
The average rent paid by private tenants in England and Wales reached a record high of £816 per month in September, compared with £768 a year earlier, said letting agents Your Move and Reeds Rains. Meanwhile, the latest official inflation figures showed UK prices were 0.1% lower than this time last year. …”
Earlier this month David Cameron changed rules so that developers no longer have to build “affordable homes” for rent or shared ownership.
East Devon Watch 
There is very little regarding affordable housing for those born in the 1990s and perhaps still living at the family home.
They may be in full employment, but how many are lucky enough to earn the average wage of £26,000, not so many if they work in their home area. How could they ever buy or rent any one of the apartments which EDDC are intending to have built in Queens Drive on Exmouths Sea Front. This latest plan has a minority of people in Exmouth who are in favor of those changes made since the last consultation when it was made abundantly clear in 2011 that no residential property would be built, on any of the Queens Drive Site.
What should EDDC do now. Well in Cllr Diviani’s own words, It’s a question of getting the best possible outcome. Unfortunately he was not taking about housing, he was trying to encourage the voters to take part in the consultation ahead of the councils move from the Knowle HQ. But he says nothing, for all those young people who are deprived of getting a reasonable property to rent or buy. What a shame he wants to build high priced flats, and not treating those young people with the same vigor, by making sure, he use’s all his capabilities on more affordable family housing, and not costly Sea Front Apartments.
LikeLike
And yet more expensive second-homes/retirement properties will push up rents etc even more…
LikeLike