Cornwall's broken housing market

My Uncle recently sold his house in a small village on the coast in the very tip of the County. Made every effort they could to ensure it was going to a local and didn't want it going to a property developer or someone not from the county. Various excuses about not being able to meet and the Estate Agent always insisted they were from Cornwall and not looking to buy as an investment.

Within a month of the sale they saw the house on airbnb.
It's an argument that I often see in our local Reach Plc crap rag (off-topic: ugh). Quite a few will say that "greedy Cornish sold their homes to Londoners so the Cornish only have themselves to blame."

It's utter nonsense. You are duty bound to get the maximum you can for your property, as whomever you buy your next property from will be doing exactly the same.

And as you just pointed out, with the best will in the world you can't stop houses from falling into the hands of speculators, or whatever. It's just not tenable.
 
My dad's place in Ilfracombe was bought in 1974 for £2900 - Worth today around £250k
My mum's place in Woolacombe was bought in 1979 for £50k ish. Was developed in to 8 luxury flats in 2008. The last one to sell sold for £400k a couple of years ago.

The thing to note though is not the prices, but the percentage of income.

When my dad bought his place it was around 2.5x his salary as a recently qualified teacher
Today, his place is 10x the salary of a recently qualified teacher
12x to 15x down here is fairly common. But that's wages as well as prices. New builds (near me) are mostly up near £300k*. Not sure who can afford them.

*Where I am is about as far away from the coast as you can be, in Cornwall.
 
Last edited:
I have a 4 hour round trip to one of my offices that I drive to twice a week. And 2 and half hours twice a week to my other office. Friday I work from home.
That's a bit mental, tho. It's not good for you or the planet, and I don't understand why (some) people seem to view a long commute as a badge of honour.
 
not sure how mine will pan out as my folks transferred their house to me and my sis over a decade ago ,hopefully they will go on and on a very long time
Last time I checked (IANAL) if it's been 7 years since the transfer then you're OK.

Less than 7 years and the govt can recoup care costs from (forced sale of) the house, even now in your name, as it's considered that the house was transferred to avoid paying care costs.

e: That's wrong. There is no set time limit. The house could be transferred to you 20 years ago and still be considered "deliberate disposal of assets to avoid care costs." Nasty.
 
Last edited:
It pays the bills and it doesn't bother me at all. I'm in construction some people travel from Glasgow to Somerset twice a week. The work involved is more that important than all this planet saving hogwash that we all should be worried about lol
Have you been watching the news, recently? You know, the fires, the floods, the general scientific consensus that things are only going to get worse...

"Hogwash," indeed. Anyway, off-topic, my bad.
 
If we assume same model as now.. Yeah the UK will be clamouring for immigrants.

I'm not sure how much of our population decline is free choice or pull (I'm very much choosing it for an easier life, I could afford it) vs push (environmental fears, inability to afford it, etc)

Still unsure of if future we just won't need so many kids anyway
Well there are lots of great reasons not to have kids, ranging from affordability to the state of the planet they'll inherit.

If only we could come up with a model for the economy that didn't rely on continual population growth, eh... Plenty of people don't want to have kids. Lots of my generation (X/Y boundary) haven't had them.
 
I'm going to say an unpopular opinion- but Cornwall is crap: (I'm in the country next door- Devon)

Lets see the principle towns:
Hayle- a run down place with a river.
Padstow- rubbish
Newquay- one trick pony, good for surfers not much else.
Bodmin- Bodmin Jail is good, the rest is a bit meh.
Penzance- rubbish, the only thing good about the place is a trip to Isles of Scilly. Oh and it might have a harbour.
St Austell- reputation for drug users
Liskeard- a ghost town.
Callington- an even worse ghost town.
Bodmin Moors- no one walks there.
Falmouth- if you like modern and hip Cornwall.
Wadebridge- reasonably decent town.
Truro- the only city in Cornwall, commuting nightmare for many, as it's a central place for work.
Camborne- known as the roughest part of Cornwall.
Redruth- you only have to pass by on a train to see how bad this is.
Launceston- main feature- Norman castle on a hill. It's actually quite a quaint little town but everyone bypasses it. Got mugged there for 50p once.

Good parts:
St Ives- but rampacked with tourists.
Polzeath- great beach.
Bude- lovely place, ram-packed with tourists in summer months.
Depends what you're after. That's a list of towns and frankly, you don't come to Cornwall to spend your time in any of the towns. This isn't the place for nightlife, for Michelin-star dining, for theatre, etc. If you're spending your time in St Ives you're probably getting mugged (not literally) by paying tourist prices for everything. Fancy a loaf of bread for £8? St Ives can hook you up.

Cornwall's appeal is essentially the terrain, and for those of us who live here, the climate. Cornwall doesn't (typically) get too hot, or too cold. Cornwall's temperature rarely dips into negative degrees C, and we can grow tender plants outdoors where other places in the UK can't. I guess that's a double-edged sword as it's a huge bonus point for retirees :p

We have an awesome coastline. You'll need a car to see any of it tho, because public transport is non-existent. Beeching/Marples closed all the branch lines and we've never recovered from that. If there was ever a place that needed an extensive train network, it is Cornwall, but we've lost just about all of them. Busses run once every leap year.

There are no big cities, and air quality is decent. Wherever you are, the countryside is only 10 mins away, pretty much. People say Cornwall is laid back and we do everything drekly. That's hard to measure or verify, but there might be some truth in that ;)

Prices in Cornwall are high for everything. The average used car is significantly more expensive than anywhere else (all those retirees buy local and stump up the extra cash). Wages are rock bottom unless you work remotely for a London firm.

Listen, I'm not trying to be Cornwall's salesman. There are lots of drawbacks to living here. Nobody said Cornwall was all that, for working-age people. But people should be able to live and work here. Even shopworkers, cleaners and carers. That's the whole point of this thread.
 
Visited Polzeath last month, overpriced surf shops, private school kids and their rude parents in range rovers. Was disappointed. Bude was relatively quiet for time of year, tourism definitely down after the golden COVID years
Chelsea tractors on narrow horse and cart lanes is a joy to behold. Car makers have a lot to answer for.. they've been promoting these monsters as family cars for years, now... In Cornwall they just don't work.

Also fun to find them stranded on a beach, after being driven onto the sand (why I'm not sure..)
 
Back
Top Bottom