Property Prices.....

As this is the hot topic I thought I would post a link to this article.

Times Article on Salcombe Property Prices

It's kind of ridiculous really, Salcombe has become a elite town for "city bonuses" and Home County "yummy mummies"....which is all very nice unless you are local (apart form the ones making money from this influx of cash) who probably earn £8-10k a year and so would need a mortgage of 35 times their salary to even afford a decent 2 bed flat in the town.

I can understand why they all come here as its an incredible place and a throw back to the 60's in terms of being safe and a great place to raise kids....no ASBO's, graffiti or gangs....in Salcombe "happy slapping" is only associated with the regatta week morris dancers!

Can property prices carry on rising?