Locals priced out of Cornwall's housing market

The video discusses the housing market in Cornwall, highlighting the significant increase in demand for properties, both for sale and rent. The demand has surged due to various factors, including the pandemic, lifestyle changes, and the extension of the stamp duty holiday. This has led to a shortage of available properties, making it difficult for locals to secure homes. The influx of buyers from outside Cornwall, particularly those seeking second homes, exacerbates the issue. Statistical data shows a dramatic rise in property searches, with Cornwall surpassing London as a top location. The video emphasizes the challenges faced by local buyers and the broader implications of the housing boom.

What is one of the main challenges faced by the housing market in Cornwall?

• Decreasing property prices

• Stable market conditions

• High demand and low supply

• Excessive supply of properties

Which factor has contributed to the increased demand for housing in Cornwall?

• Reduction in tourism

• Lower interest rates

• Decrease in population

• Pandemic-induced lifestyle changes

What is a significant issue for locals trying to buy property in Cornwall?

• High competition from second home buyers

• Abundance of affordable housing

• Lack of interest from buyers

• Decreasing rental prices

Why is Cornwall considered an aspirational destination?

• Its rural charm and lifestyle

• Its high population density

• Its industrial opportunities

• Its urban lifestyle

What is a broader issue affecting the housing market in the country?

• Lack of interest in rural areas

• Excessive urban development

• Decline in property values

• General housing shortage