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Young and Low Paid Face Being Priced Out of Rural Areas
The BBC reports that the Office of National Statistics revealed that house prices rose up to three times faster in some rural areas compared to the national average in July
Rising house prices and private rents mean that some low paid workers are at risk of being priced out of living in rural coastal areas, contributing to skill shortages in the tourism and hospitality industries that their local economies rely on.
House prices rising much above the UK average are seen particularly in North Devon (22.5%), Conwy (25.0%) and Richmondshire (21.4%).
Locals have expressed concerns over losing a sense of their community.
Full article:
The BBC - House prices: Young and low paid 'priced out' of tourist areas
