Locals priced out of Cornwall's housing market

Locals priced out of Cornwall's housing market

Assessment

Interactive Video

Business

University

Hard

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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.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What factors have contributed to the increase in demand for properties in Cornwall?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the pandemic affected the housing situation in Cornwall?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What challenges are locals facing in securing homes in Cornwall?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What statistics indicate the growth in property searches in Cornwall?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

Discuss the impact of second homes on the housing market in Cornwall.

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