Manctopia on BBC2

I'm amazed at house prices in some shitholes of Manchester. I really can't see it being sustainable compared to London. The quality of newbuilds are generally poor and have been rushed without any long term thought.

The UK economy is mainly centered around London and so you can kind of understand why prices in some of the London dumps are so high and offer a good yield. There's the demand from a big population, international investors and areas have easy access from the tube to central London etc.

Manchester's economy isn't as big and usually feels the impact of any economic turbulence. Our transport system isn't the best either with households being mainly reliant on cars. In certain areas there has always been increasing house prices in the past 40 years. Didsbury is in high demand by yuppie middle class southerners. Not sure why the crazy prices have extended in to surrounding areas such as Burnage. It's probably where Estate Agents have decided to re-draw borders in order to relabel some parts of Burnage and Withington as "Didsbury".

I feel sorry for renters with secure professions struggle to get on to the property ladder. Such a sad state of affairs where you are immediately expected to pay £800 - £1000 rent (plus deposit) but have to stump up the hefty deposit for a £400 a month mortgage.
 
Northernstorirs said:
I'm amazed at house prices in some shitholes of Manchester. I really can't see it being sustainable compared to London. The quality of newbuilds are generally poor and have been rushed without any long term thought.

The UK economy is mainly centered around London and so you can kind of understand why prices in some of the London dumps are so high and offer a good yield. There's the demand from a big population, international investors and areas have easy access from the tube to central London etc.

Manchester's economy isn't as big and usually feels the impact of any economic turbulence. Our transport system isn't the best either with households being mainly reliant on cars. In certain areas there has always been increasing house prices in the past 40 years. Didsbury is in high demand by yuppie middle class southerners. Not sure why the crazy prices have extended in to surrounding areas such as Burnage. It's probably where Estate Agents have decided to re-draw borders in order to relabel some parts of Burnage and Withington as "Didsbury".

I feel sorry for renters with secure professions struggle to get on to the property ladder. Such a sad state of affairs where you are immediately expected to pay £800 - £1000 rent (plus deposit) but have to stump up the hefty deposit for a £400 a month mortgage.
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get this....

estate agents are now calling Royton in oldham the new didsbury.
 
Thought it was a good thought provoking programme . Good example of the improvements and regeneration have improved the city. Many of the derelict old mills and buildings would still be that way without this boom.

However many local residents will never be able to afford the housing. The lady bidding on social housing and the credit system was interesting. Glad to see the lad in the shelter get sorted at the end.

i thought the show was good at showing the juxtaposition of Manchesters residents. A single woman looking to pay millions for a flat in the city and the Young working mum with a couple of kids looking for social housing.
 
kevin horlocks wand said:
Thought it was a good thought provoking programme . Good example of the improvements and regeneration have improved the city. Many of the derelict old mills and buildings would still be that way without this boom.

However many local residents will never be able to afford the housing. The lady bidding on social housing and the credit system was interesting. Glad to see the lad in the shelter get sorted at the end.

i thought the show was good at showing the juxtaposition of Manchesters residents. A single woman looking to pay millions for a flat in the city and the Young working mum with a couple of kids looking for social housing.
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Both points are bang on for me.

A lot of areas will be exclusive to middle classes which were once normal working class areas thanks to gentrification.
 
kevin horlocks wand said:
get this....

estate agents are now calling Royton in oldham the new didsbury.
Click to expand...
I was actually struck with how Royton is not how I remembered it and seemed pretty nice. My mother was in the hospice there so I spent a fair bit of time going through it. Dont know about calling it the new wherever but it seemed a decent enough place to live
 
Uncle Wally One Ball said:
I was actually struck with how Royton is not how I remembered it and seemed pretty nice. My mother was in the hospice there so I spent a fair bit of time going through it. Dont know about calling it the new wherever but it seemed a decent enough place to live
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it has improved to be fair a lot. My family live in Chadderton and now go out in Royton.
 
I've lived in London on and off for fifteen years and Manchester is sadly becoming the London of the North. Trust me, you DON'T want that to happen. It'll lose its soul and become all about the outsiders. Gentrification has killed London.

I'm house hunting at the moment and am struggling to find value in Manchester compared to Newcastle, Liverpool or Leeds as comparable cities in the north. It's daft what they want for a two up two down in Droylsden or Failsworth.

All my old friends from back in the day have left. Even if they're only in Preston or Stafford, their Manchester is dead to them. It's tragic.
 
RadcliffeRick said:
Radcliffe is the future boom town in house prices. Take my advice and buy now whilst still affordable.



Anyone want to buy a house in Radcliffe? Pm me
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You jest (I think) but my prediction is it will be, especially if they build the extra tram stop at Elton reservoir. The area is already surrounded by expensive housing to the south (Stand Lane/Ringley Road) and to the north (Ainsworth) and has great countryside on its doorstep. They've built some 5 bed houses at the top of Outwood Road selling for half a million and they're little more than 3 storey townhouses, not even a garage and very little garden. A 3 bed bungalow just north of the town will cost you £400k. Absolutely crazy, however there's some bargains in the town centre. Hopefully the regeneration plan with new high school will improve the town centre, which is really holding it back.
 
peoffrey said:
I've lived in London on and off for fifteen years and Manchester is sadly becoming the London of the North. Trust me, you DON'T want that to happen. It'll lose its soul and become all about the outsiders. Gentrification has killed London.

I'm house hunting at the moment and am struggling to find value in Manchester compared to Newcastle, Liverpool or Leeds as comparable cities in the north. It's daft what they want for a two up two down in Droylsden or Failsworth.

All my old friends from back in the day have left. Even if they're only in Preston or Stafford, their Manchester is dead to them. It's tragic.
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Agreed, I'm nervous about buying around Manchester. I believe that current prices won't appreciate (outside the usual affluent areas) and are at the market maximum. Unlike London which sees continual demand and yield. A lot of estate agents take the piss with their "valuation" raising expectations of the seller. You only have to look at historic sales, demand and sales within the area to see listings are over priced. Granted, some places have been done up and received investment which warrants a higher value.

I know the show is about residential property but I think commercial property will face huge challenges in the next couple of years as businesses roll out WFH practices. Until there's a vaccine, businesses won't be in a rush to move back to offices. I know companies who are not renewing leases/ abandoning projects to move to new offices.
 
I'm quitting soon but only essential staff in my company are allowed in the office. This is why I'm messing around on Bluemoon tbh. It'll be 2021 at the earliest.

London property will always sell. I asked billions of questions to friends here about selling and they were all "It will sell, mate." Even with COVID-19, people came to view. Seven in total, three offers. Received asking price which I wasn't expecting. We used the agent with the cheapest commission because we knew people would find it via Rightmove and Zoopla.

My Manchester has lost the gig venues where nights changed my life, clubs, pubs, shops, Maine Road, Curry Mile and Boddingtons Bitter. City aside, I had little reason to visit aside from some old friends. I've not been for over a year now. I just can't see myself living there again which is pretty sad.
 
Good summary of a City that has always had a split personality . Watching missguided tonite as part 1 was an eye opener too. Overall a busy City centre with these flats is better than one with boarded up shops eg Strangeways . Sustainable, post covid, with students , footballers, media folk etc , probably. The view attached is the benefit of living in a nearbye " normal" flat. Not mine but bloody good value from what im told.
 

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