For a small village of less than 5,000 people nowhere near any sort of city or population centre, this seems like a lot. £1,278/month is well outside the range for a lot of working class and even middle class families. The median gross salary in Cornwall was £27,223 in 2020.
I'm baffled by your comment to be honest; not very long ago I could buy a house in Bristol for the same or less.
> For a small village of less than 5,000 people nowhere near any sort of city or population centre, this seems like a lot.
Not really, people want to live there, and can now live there while working in a decent job, raise a family, send kids to school, etc.
Without remote work, villages like that are meaningless. Communication and social changes caused by covid have allowed people to actually live in remote villages.
> For a small village of less than 5,000 people nowhere near any sort of city or population centre, this seems like a lot.
Not really, people want to live there, and can now live there while working in a decent job, raise a family, send kids to school, etc.
Without remote work, villages like that are meaningless. Communication and social changes caused by covid have allowed people to actually live in remote villages.
House prices have shot up since the mid 90s as they become more affordable. A new 3 bed home in say east anglia is more affordable now (compared with median wages) than it was in 1980, despite being far far more expensive to buy. That's because
1) Most households have two incomes rather than one
2) Interest rates are much lower
House prices rise to the level people are able to pay for them. Remote work has allowed people to live in villages like St Just and continue in a decent job, which is great. Before it was mainly retirees and holiday owners, neither of which were good for the area.
I'm baffled by your comment to be honest; not very long ago I could buy a house in Bristol for the same or less.