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Rural house prices top 13 times average salary

 

 

New affordable homes unveiled

Curo is showcasing its eight recently completed affordable rural homes in Norton St Philip during South West Rural Housing Week. The two- and three-bedroom houses provide much-needed affordable homes for local people to rent or to buy through Curo’s Shared Ownership scheme.

Rural Housing Week is taking place across England from Monday 10 June to Sunday 16 June. The week, organised by the National Housing Federation, aims to raise awareness of the need for affordable housing to keep rural communities, villages and businesses alive.

Jane Alderman, Head of Development at Curo, said: “Housing affordability is a serious problem for our region, and the problem in rural areas is even greater with house prices in the rural South West having risen 87% in the last ten years. The average South West rural house price is now more than 13 times the average salary, yet rural incomes are failing to keep up with those of urban areas.”

Emma Hobbs, her partner and seven-year-old daughter recently moved into one of Curo’s homes at the development. Emma, who works in Radstock, purchased her three-bedroom house through Curo’s Shared Ownership scheme which helps people to get a foot on the housing ladder by part-buying and part-renting their home, purchasing further shares as and when they are able.

Emma said: “We love our new home. The location is ideal and it’s a unique development. I can’t think of anywhere else I’d rather bring up daughter up. My partner’s mum and dad both live in the village and our home is walking distance to the Mead which is a fantastic green space used for local cricket matches and a great place for families. Without Shared Ownership I would not have been able to afford a house of my own.”

Jane Alderman adds: “These new affordable homes for Norton St Philip are much-needed and we are delighted to have made these homes possible through working in partnership with Mendip District Council and Bloor Homes.”

Catherine Brabner, South West lead manager at the National Housing Federation, said: “Rural England will not survive without more affordable homes. But not enough homes are being built – prices are rising, young people are moving away, and people on lower incomes are being squeezed out. There is a simple solution. We need to build more of the right homes, in the right place, at the right price.”

Curo is backing the National Housing Federation’s Yes to Homes campaign, which gives local people the power to get more homes built in their communities. For more information, visit www.yestohomes.co.uk.

Nina Richards, Housing Development Officer at Mendip District Council, said: "At Mendip, we are committed to delivering affordable housing, and work with a variety of partners to tackle the housing problems affecting those in rural communities. We are delighted with the eight affordable homes provided as part of the recent housing development in Norton St Phillip, of which four of the units will be for local people only.  We will continue to work closely with all our partners, to make sure we can continue to meet the needs of the local community."

Curo’s affordable homes at Norton St Philip are part of the Bloor Homes Fortescue Fields development. Six of Curo’s homes are being made available for low-cost rent through Mendip District Council, with the other two properties for sale through Curo’s Shared Ownership scheme.



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