Property and housing update for Mendip

Profile image for Wells_Jaqui

By Wells_Jaqui | Tuesday, August 10, 2010, 12:44

House prices fell last month for the 1st time in a year according to a report published by the Royal Institute of Chartered Surveyors.

The root cause is that there has been a sudden influx of properties coming onto the market and insufficient demand. 

While the house market in Wells has been sluggish for a good eight months, local estate agents confirm that sales have actually increased significantly in Wells and a look to any of their websites show a good proportion of the properties listed as ‘ sold subject to contract’ which is good news for the legal profession too.

By contrast, the number of homeless people in Mendip District Council’s locality has increased since the onset of the recession and today it announced that it could no longer remain within budget for providing temporary housing this year as a result. 

The economic downturn means more people need bed and breakfast accommodation and the Council will be overspending by around £65,000 more than budgeted for to cope with demand.

A spokeswoman for the District Council said that it will be impossible to make cuts because it’s a vital service saying “we have a statutory duty to house people so we cannot turn them away.” 

The council doesn’t yet know how much money will be cut from their budget in –line with Government targets, but the council will have to divert funds from other areas of expenditure to compensate.

      

Comments

       
  • Profile image for Well_oiled

    That sounds terrible bb, I don't know much about this, are Mendip in charge of the flats next to the Esso garage which I believe used to have some sheltered accommodation for young people who needed support & may still do? Also is it Spencer House on Chamberlain St which offers a roof over homeless folks' head?
    I hope he gets settled soon.

    By Well_oiled at 20:15 on 06/01/12

      Report
              
     
  • Profile image for buttybabe

    mendip council are a discrace my son has been sleeping rough for the last 6 months ,he applied for a homeless application and was told they could,nt help ,he has a low IQ and is suffering from depression come on mendip he needs your help how can you turn him away

    By buttybabe at 15:18 on 06/01/12

      Report
              
     
max 4000 characters
        
   

Latest Stories in Wells

       
      

Local Vouchers

       
  • The Sensible Eating Plan - Ebook

    Functional Fitness Forever

    Get the nutritional information and eating plan previously given to clients only! Available from pay hip or through the functional fitness forever website, this eating plan can help you feel better!

    Terms: available from http://payhip.com/b/rH9v
    Tweet and FB your purchase for discounts!

    Contact: 01749 608718

    Valid until: Tuesday, September 30 2014

     
  • £20 Off ghds - Great Summer Exchange!

    Frontlinestyle Hair & Beauty

    Upgrade with our Great Summer Exchange! Trade-in your old electrical hair equipment by any brand, e.g. styler/curling tongs/hairdryer and swap for any new pair of ghds to get £20 off this summer!

    Terms: Offer ends 31st August 2014.

    Contact: 01749600464

    Valid until: Monday, September 01 2014

     
  • Free child entry to our award winning animal farm!

    Court Farm Country Park

    -

    Terms: For a limited time only, get 1 free child entry to our award winning farm with every two paying adults - have a family day out and save £5.95!
    Subject to availability
    Not to be used in conjunction with any other offer

    Contact: 01934 316835

    Valid until: Sunday, August 31 2014

     
   

Search for...

       
        
Min price is bigger than Max price
        
Min price is bigger than Max price
        
Min rent is bigger than Max rent