Claims of “broken” housing market as buyers struggle with new home prices

April 28 2017

COUNCILLORS have spoken of a “broken” housing market in South Gloucestershire, with people in areas such as Thornbury having to earn high salaries to be able to afford a starter home.

COUNCILLORS have spoken of a “broken” housing market in South Gloucestershire, with people in areas such as Thornbury having to earn high salaries to be able to afford a starter home. 

In a recent South Gloucestershire Council debate on affordable housing, Thornbury South and Alveston councillor Maggie Tyrrell said: “We’re not against development in Thornbury but we are against poorly planned development.

“I know of a young person with every advantage, who went looking for an affordable home, and was told to ‘try Weston-super-Mare’. 

“It is completely ridiculous. Developers are putting up large, five-bedroom homes then the town is importing families to fill them.

“We’re not addressing the need for smaller homes for younger people and smaller families - people who have grown up in the area and want to continue living there.”  

Westerleigh’s Claire Young, the Liberal Democrat spokeswoman for the environment and community services on the council, said: “To buy a three bedroom starter home at 80 per cent of market value, people in a town like Thornbury would need to earn around £39,000 a year - £10,000 more than the median income.

“Even our so-called ‘affordable’ schemes are only accessible to the well-off.

“Councils should be able to adopt policies that are appropriate for their local area. There are huge discrepancies around the national housing market and we have some of the highest prices outside of London.''