Brian Potter Posted December 2, 2005 Share Posted December 2, 2005 Thanks for the clarification Brian. As you may have guessed, I'm not in the industry, this was just a hunch about why the amount of apartment construction I see in Manchester is certainly very bullish right now, despite the conflicting bearish news! All the best to you, anyhow. cheers, megaflop. I suffered in the downturn of the early 90's and it took until at least 97 to see shoots of recovery again. The apartments in Manchester are complete overkill. I personally (as a freelance Planning Engineer) have worked on at least 2000 flats in the last 2-3 years. I thought the bubble would burst 2 years ago but its still going. However, itf you want anecdotal evidence of oversupply look in the large EA at the corner of Piccadilly Gardens on Portland St. There are dozens and dozens of btl flats available. Renters have tons of choice with more to follow. What has alarmed me being in construction and meeting clients is the amount of small time developers which are springing up. Land has become comically high in price - to the point where there is no scope in building a property even if its for yourself. It really is madness. Quote Link to comment Share on other sites More sharing options...
bob monkhouse Posted December 2, 2005 Share Posted December 2, 2005 cheers, megaflop. I suffered in the downturn of the early 90's and it took until at least 97 to see shoots of recovery again. The apartments in Manchester are complete overkill. I personally (as a freelance Planning Engineer) have worked on at least 2000 flats in the last 2-3 years. I thought the bubble would burst 2 years ago but its still going. However, itf you want anecdotal evidence of oversupply look in the large EA at the corner of Piccadilly Gardens on Portland St. There are dozens and dozens of btl flats available. Renters have tons of choice with more to follow. What has alarmed me being in construction and meeting clients is the amount of small time developers which are springing up. Land has become comically high in price - to the point where there is no scope in building a property even if its for yourself. It really is madness. ...the growing no. of flats agents are advertising which end ' no chain' is comical. Ive been saying for a while that when the correction comes, city centre Manc will be hit hard. In relation to Land Prices, speaking to some Land-buyers from Woodfords last week, made exactly the same comment as you Brian. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 2, 2005 Share Posted December 2, 2005 However, itf you want anecdotal evidence of oversupply look in the large EA at the corner of Piccadilly Gardens on Portland St. Thanks, I will endeavour to do that. I have been viewing the situation on the drive in to work, and perusing Rightmove. Quote Link to comment Share on other sites More sharing options...
George Posted December 2, 2005 Share Posted December 2, 2005 Skyscapers in Manchester? LOL. Serioulsy though, looks cool. Shame no one can afford to live in them. I guarantee you will see tons of for sale signs, and to let signs, then auctions though. There needs to be a balance between these investor bastards and people who actually want to/live in them. As yet the government has done nothing to prevent uber rich people etc. buying up houses and flats that would be otherwise bought by young people. So what if its a free market economy, doesn't mean you have no regulation. A more forthright policy would be caps on HPI by law, so that its in-line with wage inflation-- thus leaving houses for what they in essence should be: homes, and having a more normal growth economy, not something that booms then busts (which will happend btw). Now many people are spent up whether it be: MEW "Doing up the house" a la spending £1k in order to receive 10k back pfft. Everyone is card crazy Everyone now has "the in gadget" -- ipod, dvd, plasma etc. More people have two mortgages and are very highly geared (recipe for disaster) Average starter home (not including plastic crap 200sqft flats) is much more expensive -- thus reducing expendable income if people buy one People have purchased outside the UK thus reducing the amount of money within these shores Many people have maxed out store cards (hence rise in debt adverts) I think the older generation would agree they were taught to save, whilst the new generation have been taught to spend? There is no room for further growth, no has any money left apart from uber rich property goon (who should be regulated). Quote Link to comment Share on other sites More sharing options...
Brian Potter Posted December 2, 2005 Share Posted December 2, 2005 A good game as you sit in the traffic going into Manchester - In my case usually on Regent road - is to see how many tower cranes you can count. Theres bloody loads - all building flats. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 2, 2005 Share Posted December 2, 2005 (edited) Where are you from George? I guess your American if you're laughing at "skyscrapers" in the UK?? "In my case usually on Regent road .." I'm on Exchange Quay. Most cranes are property. However, some have been building my employer a new building, and others have been erecting a stand extension for Malcom Glazer Rovers F.C. Edited December 2, 2005 by megaflop Quote Link to comment Share on other sites More sharing options...
bob monkhouse Posted December 2, 2005 Share Posted December 2, 2005 Where are you from George? I guess your American if you're laughing at "skyscrapers" in the UK?? "In my case usually on Regent road .." I'm on Exchange Quay. Most cranes are property. However, some have been building my employer a new building, and others have been erecting a stand extension for Malcom Glazer Rovers F.C. Exchange quay, is that where 'moonbar' is? Quote Link to comment Share on other sites More sharing options...
Guest Posted December 2, 2005 Share Posted December 2, 2005 Exchange quay, is that where 'moonbar' is? I have no idea about 'moonbar'. It's the arty-farty business block with the blue and white "skyscrapers", fancy waterfalls, and a large patio area with benches and little shops, and a pub/cafe. Quote Link to comment Share on other sites More sharing options...
Brian Potter Posted December 2, 2005 Share Posted December 2, 2005 Where are you from George? I guess your American if you're laughing at "skyscrapers" in the UK?? "In my case usually on Regent road .." I'm on Exchange Quay. Most cranes are property. However, some have been building my employer a new building, and others have been erecting a stand extension for Malcom Glazer Rovers F.C. My dad worked on exchange quay in 1990 just before the whole industry went tits-up. 1991: Dad got made redundant I got made redundant Worst recession in living memory. What a christmas that was in our house. Quote Link to comment Share on other sites More sharing options...
Guest Posted December 2, 2005 Share Posted December 2, 2005 My dad worked on exchange quay in 1990 just before the whole industry went tits-up. Really? I found a web site by a geeky skyscraper enthusiast who catalogued the dates and photographed the building of these. Amongst other buildings around here, of course! Quote Link to comment Share on other sites More sharing options...
Brian Potter Posted December 2, 2005 Share Posted December 2, 2005 Really? I found a web site by a geeky skyscraper enthusiast who catalogued the dates and photographed the building of these. Amongst other buildings around here, of course! It was a joint Laing/Shepherd Design & Build project totalling £66m, I believe. Walked around the site in early 1991 with my Dad - was a big job for the time. Im being an boring b'stard now. Quote Link to comment Share on other sites More sharing options...
FollowTheBear Posted December 2, 2005 Share Posted December 2, 2005 ...the growing no. of flats agents are advertising which end ' no chain' is comical. Ive been saying for a while that when the correction comes, city centre Manc will be hit hard. In relation to Land Prices, speaking to some Land-buyers from Woodfords last week, made exactly the same comment as you Brian. IMO, these city centre 'bespoke luxury' apartments will be full of, erm, (how does one put it?)...scum in ten years time. City Centre living is all the rage now but fashions change. After the forthcoming bust these places will be so cheap to rent that all sorts of people will be able to move in, from all backgrounds. What gets me is that 1960s tower blocks were huge inside by comparison, a full sized separate kitchen, balcony, large living room etc etc. These trendy shoeboxes are a joke. Quote Link to comment Share on other sites More sharing options...
SarahBell Posted December 2, 2005 Author Share Posted December 2, 2005 http://news.bbc.co.uk/1/hi/world/asia-pacific/4493360.stm Taiwanese geologist has said the huge weight of the world's tallest building, Taipei 101, could be responsible for triggering a rise in seismic activity Eeek. Quote Link to comment Share on other sites More sharing options...
Marina Posted December 2, 2005 Share Posted December 2, 2005 I presume this is another sign that the market is crashing then ?! Crash ? - not a snowballs chance in hell of a crash ! Why do you think this has anything to do with the general housing market. Next thing you'll be saying because a development in Knightsbridge is selling well - it proves the whole market is doing well. Those flats are just for the wealthiest people in the country - they prove nothing - other than the fact that footballers are paid ludicrous amounts of money. Quote Link to comment Share on other sites More sharing options...
Nelly Posted December 3, 2005 Share Posted December 3, 2005 On a lighter note a mate of mine is planing to base jump this building soon http://images.google.co.uk/images?hl=en&q=...ump&sa=N&tab=wi Quote Link to comment Share on other sites More sharing options...
davespencer Posted February 7, 2009 Share Posted February 7, 2009 On a lighter note a mate of mine is planing to base jump this building soon http://images.google.co.uk/images?hl=en&am...sa=N&tab=wi Wow, are you serious? Has he done it yet!? That would be amazing! Quote Link to comment Share on other sites More sharing options...
Garry AKA Pod Posted February 7, 2009 Share Posted February 7, 2009 Wow, are you serious? Has he done it yet!? That would be amazing! Where do folk dig these 3 year old posts up from? Quote Link to comment Share on other sites More sharing options...
Flatdog Posted February 7, 2009 Share Posted February 7, 2009 Where do folk dig these 3 year old posts up from? I guess that the abstract does not sit all that well with you but have to agree....why would anyone want to ferret around in the HPC archives to make a first post ? Quote Link to comment Share on other sites More sharing options...
Nomadd Posted February 7, 2009 Share Posted February 7, 2009 Where do folk dig these 3 year old posts up from? I just read the first few posts thinking it was a new thread and was a bit gobsmacked! Then I realised it was 3 years old! Nomadd Quote Link to comment Share on other sites More sharing options...
Guest theboltonfury Posted February 7, 2009 Share Posted February 7, 2009 I just read the first few posts thinking it was a new thread and was a bit gobsmacked!Then I realised it was 3 years old! Nomadd +1 Quote Link to comment Share on other sites More sharing options...
D.C. Posted February 7, 2009 Share Posted February 7, 2009 Yes to the surprise bit, I checked the dates and had a look round for more info on it. http://newpaper.asia1.com.sg/sports/story/...,191979,00.html From an article published this month: MICHAEL OWENOWEN, who paid £750,000 for a cul-de-sac of five homes on the outskirts of Chester for his family in 2001, has also seen the value of a flat he gave to his sister tumble. When the Newcastle star bought the two-bedroom flat in Liverpool's Beetham Tower in 2004, it was worth about £205,000. Eighteen months ago, a similar flat was sold at an auction for £96,000 and average prices have fallen by another 15 per cent since then. Not that well then... Quote Link to comment Share on other sites More sharing options...
bobmo Posted February 7, 2009 Share Posted February 7, 2009 I presume this is another sign that the market is crashing then ?!Crash ? - not a snowballs chance in hell of a crash ! Quote Link to comment Share on other sites More sharing options...
Umiapik Posted February 7, 2009 Share Posted February 7, 2009 It's worth digging these old threads up from time to time, just so we can see how much things have changed in a couple of years! Quote Link to comment Share on other sites More sharing options...
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