Sunday, 28 May 2017

House prices driving young out of rural areas

People in their 30s are being priced out of rural housing markets in England, according to research published today.

The report by the National Housing Federation shows people are moving out of the countryside as house prices nearly double in some rural areas. It warns that this creates a risk that rural England will ‘become the preserve of the old and wealthy’.

The NHF pointed to census figures showing the number of people aged 30 to 44 years in rural areas has fallen 9 per cent in the last decade, while numbers in cities have increased. The number of children under 10 in rural areas has fallen 2 per cent, while the number of over-65s in the countryside has risen 2.5 times faster than in urban areas.

The NHF pointed to land registry figures showing house prices in rural areas have nearly doubled in 10 years from £126,016 to £228,742. Of the 10 rural areas in England with the biggest rise in house prices, there has been only three three with an increase in under-45s. The research also shows that of the 10 rural areas with the biggest fall in under-45s, all but one saw above average house price increases.

Gill Payne, director of campaigns and neighbourhoods at the NHF, said: ‘Young people are being priced out of rural England by rising housing costs and are moving elsewhere to raise their families.

‘What will happen to the local shops and pubs, the village school, the small businesses that maintain rural economies, if there’s no-one left to keep them open?’

‘If we don’t start building more homes that ordinary families can afford, our treasured rural England will become the preserve of the old and wealthy.’

The research was published to mark rural housing week as part of the NHF’s Yes to homes campaign to garner support for new homes.

Inside Housing’s Grant Britain Homes campaign calls for the government to commit to capital investment for sub-market housing in its spending review, which will be announced on 26 June. To sign the petition click here.

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