A Dorset town named in least affordable places list

Bournemouth has been named as one of the least affordable places to live in the world.

A survey by Demographia named the town the 10th least affordable, behind cities such as Hong Kong, Sydney and Los Angeles.

The figures are in line with the fact that house prices in Dorset, especially Bournemouth town, were found to be exceptionally higher in comparison to wages.

Dorset Local Enterprise Partnership subsequently conducted an independent study to look further into housing provision in Dorset and to help identify the issues with the increase in housing prices.

Housing being available in all shapes, sizes and prices is essential to Dorset’s economic growth but it still remains as a fundamental obstacle for local employers.

The Dorset LEP have said they hope that this study will help to enable them to work with developers to achieve their vision for a sufficient supply of affordable housing in Dorset.

The map below shows the 10 least affordable places in the world to live.

Total
0
Shares
Leave a Reply
Related Posts

“Driving test backlog has put my son under the pressure”

The article talks about two strong case studies. 1. A woman tells a story about her son who struggled during the pandemic, but fortunately passed his driving practical test. 2. Story about dad's daughter who couldn't take the practical exam because her theory certificate expired. In this story I did a research on the DVSA website. I contacted the DVSA representatives but they were not happy to talk. Most of interviewees I met in person, but we were following the latest coronavirus government guidelines (Keep the 2m distance, sanitize hands and wear the mask )
Read More