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SarahBell

How Much Hpi Around Manchester Did This Cause?

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http://www.theguardian.com/media/2013/oct/16/payouts-bbc-staff-salford-quays-london-mps

Payouts to BBC staff for moving to Salford Quays were too high, say MPs

Commons public accounts committee finds staff members paid up to £150,000 to move from London to Manchester

London-based staff who moved to MediaCity at Salford Quays were offered relocation deals and the BBC spent £24m on moving 854 staff at an average cost of £28,000 per person. The BBC did not tell the committee whether those receiving more than £100,000 were members of the talent pool or other employees.

Edited by SarahBell

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Probably helped push prices up a bit, though without fresh London money coming in regularly not really an issue.

I suspect that hs2 is just a way of pumping London wages into property situated along its route.

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Everything and nothing. What's NW's current market share? 5%? 10%? Share in Manchester? What sort of mortgages are these? FTB? BTL? What is "Manchester"? It is a very small area.

I can put up stats which show house prices in Manchester falling if you want, but that would spoil the fun.

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I can put up stats which show house prices in Manchester falling if you want, but that would spoil the fun.

The BBC move was a one off change with the relocation deals now over, hence it would not be surprising if Manchester prices now started to fall (or fall faster).

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http://www.theguardian.com/media/2013/oct/16/payouts-bbc-staff-salford-quays-london-mps

Payouts to BBC staff for moving to Salford Quays were too high, say MPs

Commons public accounts committee finds staff members paid up to £150,000 to move from London to Manchester

London-based staff who moved to MediaCity at Salford Quays were offered relocation deals and the BBC spent £24m on moving 854 staff at an average cost of £28,000 per person. The BBC did not tell the committee whether those receiving more than £100,000 were members of the talent pool or other employees.

"The money was meant to compensate for the cost of moving to the new headquarters, but staff did not have to provide basic evidence of train tickets or utility bills to back up their expense claims, the committee heard."

Can I have some cash please? :rolleyes:

Edited by Ash4781

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