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Showing posts with label houses. Show all posts
Showing posts with label houses. Show all posts

Sunday, 28 September 2014

Housing costs in the South Hams, Devon

See http://www.bbc.co.uk/news/business-28648704.

The gap between house prices and average earnings is huge in the South Hams with a ratio of 14.8 times. This makes most homes unaffordable to locals who work there. Average house price there is £304,012 and average earnings £20,478.

Places like Salcombe will impact results and some remote inland villages, with poor infrastructure, will be a little less bad. It is becoming a very serious issue.