21 Mar 2018

New report highlights rising house prices in Wiltshire

Wiltshire is faced with rising house prices, according to the National Housing Federation's Home Truths 2017/18 report, issued today (21 March), meaning an affordable home is still out of reach for many.

The annual report issued by the National Housing Federation details local data on the housing market in areas across the South West, and reveals that the average house price in Wiltshire is now £289,993 (up from £276,295 in 2016/17), compared to the regional average of £270,054. This means that house prices are currently 11 times the average salary of those living in the county.

Rents in the area are on the rise too, with the average monthly rent in Wiltshire now £827 (compared to £774 in 2016/17), which represents approximately 37% of people's monthly average income.

Howard Toplis, GreenSquare's chief executive, said: "With drastically rising house prices and an increasing shortfall of available affordable homes in the area, it's becoming more and more difficult for people to rent their own home, let alone buy one. And with the number of people on social housing waiting lists in Wiltshire also rising, there are fewer and fewer choices open to people who want to live here.

"As one of the largest social housing landlords in Wiltshire, we firmly believe that everyone deserves the right to live in a home they can afford and that suits their needs.”

Housing associations, like GreenSquare, have been working to try and alleviate the housing crisis. Last year in the South West, housing associations built over 4,200 homes and started building a further 4,100. 

Howard added: “Through our development arm, GreenSquare Homes, we have plans to build new homes for sale, shared ownership and rent across the county, to help people to get onto the housing ladder."

GreenSquare Homes was recently granted planning permission to progress with its 'Hares Chase' development of 70 new homes on land near The Forty in Cricklade, to bring much-needed new homes to the area.

To view the full Home Truths report, click here. For more information about Hares Chase, visit www.greensquarehomes.com