Home · Health · Sep 12 archive

Meghan and Harry’s Cotswold Life Highlights Rural England’s Affordability Crisis

Confirmed

Health Desk

In Short: The relocation of Meghan and Harry to the Cotswolds, a region popular among wealthy Americans, highlights the affordability crisis and increasing property prices that are pricing out locals.

The one that prices out locals Meghan and Harry, the Duchess and Duke of Sussex, have relocated to the UK as non-working royals and most interestingly, it’s believed that they are basing themselves in the Cotswolds, where they lived as newlyweds between 2018 and 2019.

Last year, Savills said the proportion of North Americans buying Cotswold properties above £1.5m quadrupled from its long-term average of 3.5 per cent to 13 per cent. In March, the Cotswolds office of The Buying Solution, an agency which specialises in properties over £2m, said they had already recorded a 50 per cent year-on-year increase in American clients since the start of this year.

A friend whose family used to live in the South Cotswolds said their former family home was flipped by wealthy outsiders who then sold it at a price unaffordable for locals. What about the homelessness emergency that is playing out in rural communities?

What's confirmed

What's still developing

Sources