‘Priced out of Rural England’ – young Devon families unable to buy a home in their town or village
This is where settlement hierarchies and help to buy schemes get you. This article tells us:
A NEW nickname has emerged for young families looking to move to the countryside, summing up the difficulty most face – they are now known as POREs.
But don’t worry, this isn’t a return to class snobbery, rather it stands for Priced out of Rural England, an ironic acknowledgement of the impact spiralling house prices in parts of Britain are having on young people.
The National Housing Federation has warned people living and working in rural areas are being pushed out as rising property prices are allied to second homes lying empty.
It also warns of the social impact of the exodus, not only on local shops and schools, but of countryside populations becoming older and more vulnerable.
To mark the start of Rural Housing Week, the charity has produced an analysis underlining how rural house prices are out of reach of most who live there.
Official figures indicate the average annual salary in rural areas is £21,230 – but it calculates a would-be homeowner would require a wage of £54,015 for an 80% mortgage on a typical house in those same rural areas – equivalent to needing a 154% pay rise.