Are rural homes unaffordable for local people?

The property website, Property Talk Live (www.propertytalklive.co.uk) suggests that homes in the countryside have become increasingly unaffordable for local people over the last ten years, leaving many working in rural areas with no hope of getting on the housing ladder.

They report that the 'affordability gap' between wages and house prices over the past decade has widened in every rural district with house prices rising at more than three times the rate of local salaries since 1999.

The information comes from a new study carried out by the National Housing Federation which looked at the price of an average home in rural areas compared to local wages in 1999 and 2009.  It found that ten years ago the average price of a home in the countryside was £95,073, and the average local salary was £13,505.  Since then the price of a rural home has rocketed to £214,008 (an increase of 125%) whereas local wages have risen just 37% to £18,538, making properties increasingly unaffordable for local workers.

With the Government putting a certain amount of focus on providing affordable housing, we wonder what effect the forthcoming Localism Bill will have on dwellings for local people.

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