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SarahBell

Ownership Dropping, Shelter Missing The Point

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Anne Baxendale, head of policy and public affairs at homeless charity Shelter, said: “With house prices now completely out of step with average wages, sadly it’s no surprise that home ownership in Manchester is declining so drastically.

http://www.manchestereveningnews.co.uk/news/greater-manchester-news/house-prices-renting-manchester-record-11692595

“Sky high rents are leaving many families struggling to make ends meet each month, let alone save up enough for the deposit on a home.

The percentage of people owning their own homes in Greater Manchester has fallen from 72.4pc in April 2003 to 57.9pc in February 2016.

Trevor Moore, COO of Select Property Group, said: “As the report highlights there is indeed an increase in renters over home owners and some of this is down to lack of affordability. However, it is also clear that there is a new generation of renters, particularly in Manchester.

"With global firms opening in the region, student retention rates higher than average and foreign investment creating thousands of jobs in the city, we have a new breed of people looking for rental accommodation."

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What are these figures though? The number of houses sold from OO to LL? Or an increase in the number of families in the area who've never owned their home, thus pushing the overall figure down?

If they're actually a reflecting on the additional numbers of people coming to live in the UK then that's very different to people not being able to afford a house.

I'm not saying housing is affordable, it isn't and hasn't been for a blinking long time.

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I'm not saying housing is affordable, it isn't and hasn't been for a blinking long time.

Quick one-off search. Manchester, under £50k. 48 results.

That's not unaffordable, even on minimum wage.

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Quick one-off search. Manchester, under £50k. 48 results.

That's not unaffordable, even on minimum wage.

A mix of studio flats, part ownership and nasty flats that will have large service charges and repair bills

http://www.rightmove.co.uk/property-for-sale/property-52809679.html

50% SHARED OWNERSHIP £42,500

25% share available for £33,750

http://www.rightmove.co.uk/new-homes-for-sale/property-61040693.html

Live the dream.

Edited by SarahBell

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A mix of studio flats, part ownership and nasty flats that will have large service charges and repair bills

http://www.rightmove.co.uk/property-for-sale/property-52809679.html

50% SHARED OWNERSHIP £42,500

Live the dream.

Didn't check the details, beyond the fact that the first couple of results (what appeared on the zoopla screen without scrolling) were NOT shared ownership.

Sure, they weren't anywhere I'd choose to live. Not now, anyway. But in 1980s London, I'd've grabbed an opportunity like that with both hands and rejoiced at being 'on the ladder', out of the clutches of the rentiers.

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Having spent four years in Manchester, I'd suggest that the very cheapest houses there are cheap for a very good reason...

Nobody has lived if they haven't experienced a Manchester sink estate!

Edited by Hectors House

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Nobody has lived if they haven't experienced a Manchester sink estate!

I'll second that .. the things I've seen in those sink estates almost defy description and man was it depressing living even somewhere flash like Longsight.

Awesome clubbing in the 90s though.

Gave up and moved to Hadfield which I loved (it's a local town for local people).

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