Struggling first time buyers living in Dorset ‘ghost village’ buy homes built for locals only

The nine homes have been built in Worth Matravers on the picturesque Isle of Purbeck, a  peninsula in Dorset.

Sixty per cent of the 180 houses there belong to second homeowners and lay empty most of the time. The average price of property in the area is about £400,000.

But the new homes have been sold at 75 per cent their market value and offered to people who live or work in the village or surrounding area.

When the homes are eventually sold on in the future there is a covenant stating they must go to local people with the 25 per cent price reduction in place.

The new-build properties have been built by Dorset-based housing association East Boro.

Full article here: Milly Vincent 

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