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Manchester
Housing : Facts & Figures
Manchester City Council's
official website can provide information about its services
for Manchester housing. (see www.manchester.gov.uk/housing/index.htm)
As of 2002 there was a wide range of
residential property for sale or rent in Greater Manchester.
The City of Manchester is reckoned to be currently the
fastest growing city centre in Britain, with 2,314 flats
planned or already under construction. Since 1990, over
7,000 people have chosen to live in the city centre, with
areas such as Castlefield, the Northern Quarter, Canal
Street and Piccadilly Basin being amongst the most popular
places to live.
More than half of the homes in Manchester city centre
are of single occupancy, with male occupants outnumbering
females by a ratio of two to one. Some 42% of city centre
residents earn over £20,000 a year, 60% own a car
and 59% work in the city centre itself. The main attractions
cited by residents are the lifestyle, leisure facilities
and the nightlife offered by a city centre.
Research predicts that some 20,000 people will live be
living in the city by 2005, compared to just 1,000 in
1990.
A measure of the economic
performance of the region is the rising cost of house purchases.
The table below shows average prices for homes in Greater
Manchester in 2002.
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Average House
Selling Prices in £ (GBP) in 2002
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|
o
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Detached
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Semi-Detached
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Terraced
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Flats &
Maisonettes
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Greater Manchester
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162,737
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84,877
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49,509
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103,133
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Manchester
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185,614
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95,992
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46,927
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132,070
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Bolton
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161,537
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65,940
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39,073
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82,501
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Bury
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154,470
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80,183
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52,051
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47,132
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Oldham
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130,393
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69,772
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38,937
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61,825
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Rochdale
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136,184
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69,540
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40,347
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53,422
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Salford
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134,710
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70,786
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40,111
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69,658
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Stockport
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199,531
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103,895
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74,663
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80,852
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Tameside
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132,977
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68,231
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48,413
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44,015
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Trafford
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272,027
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131,391
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104,456
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125,017
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Wigan
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120,431
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62,706
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38,233
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55,308
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| Source:
HM Land Registry: http://www.landreg.gov.uk |
Apartment dwellings and luxury
penthouses are much in demand in Manchester city centre,
prefominantly those that are located around the historic
Cstlefield anal Basin. House prices in the newly regenerated
northern areas are set to outstrip rates in London.
Much regeneration work has also
taken place in the Hulme and East Manchester areas. In
Hulme, over 2,800 flats have been demolished and replaced
by 1000 new homes around the Stretford Road area. Hulme
has been transformed by these new developments, and the
area now attracts much inward investment. An additional
1000 homes are being constructed by the private sector.
The surrounding Borough townships
of Bolton, Bury, Rochdale and Oldham, (formerly somewhat
depressed remnants of a once vital cotton industry), are
now revitalised with modern shopping centres offering
excellent commercial and leisure facilities.
East Manchester, the location
of the City of Manchester Stadium, venue for the manchester
2002 Commonwealth Games, has seen a rise in popularity
by home-hunters as a result of the area's regeneration.
South of the city centre are the older suburbs of Withington
and Didsbury, as well as Fallowfield and Rusholme, where
many of the University Student Villages are situated.
Demand for new homes consistently
matches house building and this is especially true of
the city centre, where accommodation is in great demand
and seems to be growing. Stockport, with a lack of supply
has seen a sharp rise in bulk land values, and has also
seen an employment boom as more firms move into the Borough.
As an example, more than 500 new positions were created
in the last two quarters of 1999.
Manchester Housing Department
(www.manchester.gov.uk) can provide more information about
services for current or prospective Manchester housing
tenants.
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