House prices in the North West have more than trebled over the past 20 years
In 1999, the average house price in the North West was just over £50,000. Twenty years later, the typical cost for a house in the region was around £164,000.
House prices in the North West have skyrocketed over the past two decades, new data has shown.
Estate agent Coulters Property reported the findings after conducting research on the changing landscape for first-time buyers.
Coulters also found that whilst property costs have risen sharply; earnings have lagged behind.
In 1999, the average house price in the North West was just over £50,000. Twenty years later, the typical cost for a house in the region was around £164,000.
During the same time period, average salaries rose from £16,000 to just £28,000.
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Mike Fitzgerald, Coulters Executive Chairman, said the stats reflected modern disparity between personal income and property prices.
“Although being a first-time buyer is exciting, over recent years, the affordability gap has stretched and continued to do so every year, making it difficult to make the first step onto the property ladder,” he commented.
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“In these uncertain times, these inequalities have been made much more apparent.
“There’s no questioning that wages have increased with the rate of inflation, but have they increased enough? Despite recent schemes such as Help to Buy or part-ownership, house prices are expected to increase, with the possibility of a 15% increase over the next five years or so.”
However, despite the deflating data, Mr. Fitzgerald emphasised that support was available for first-time buyers in Britain.
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“It’s important to seek all the information you can when considering getting a foot on the property ladder and not let the numbers put you off,” he explained.
“There is so much support and often a price bracket to meet first-time buyers’ needs.”
Mr. Fitzgerald continued: “Capital returns on property are traditionally strong, but like all investments the returns need to be measured over a sufficiently long period of time to flatten out short term spikes and dips in values.
“If done sensibly the outcome and rewards are certainly worth it, not only in financial terms but also in the pleasure that home ownership can bring.”
Plans for a new cultural hub in Wythenshawe have been green-lit
Danny Jones
Proposals for a new cultural hub in Wythenshawe have officially been approved, with the overall regeneration plans valued somewhere in the region of £500 million.
The Greater Manchester town has long been accused of being neglected by local authorities and investors, but now natives and those living in and around the area are being asked to consult on what has the potential to be a huge transformation.
Wythenshawe town centre could look almost unrecognisable should everything go according to plan, not to mention inject a much-needed boost to the arts and creative industries in the area.
Put simply, this could be huge for a place long overlooked and deserving of some TLC.
Credit: Manchester City Council
The simply titled ‘Culture Hub’ will aim to create a new community outlet and environment for everyone to enjoy, allowing them access to professional facilities and support, as well as further tap into that vital grassroots culture and creativity.
While the UK government has a total of £4.8bn set aside for infrastructure and regional disparity works that fall under the initiative, the Culture Hub was set to cost £20m back then, though Wythenshawe is looking for an estimated half a billion to upgrade their town centre.
As per an official press release, the hub is set to sit within Civic – Wythy’s much-loved shopping complex – and will include space for food and drink on the ground floor, as well as a mix of artist studio spaces and flexible areas for workshops, exhibitions, classes or local events on the first floor.
The Council itself is set to contribute a further £11.9m, as they hope to back future plans for a bustling new food hall spilling out onto an updated public square, with new workspaces for independent start-ups and growing Manc businesses.
Credit: MCC
Meanwhile, a new 200-seater performance space will be created on the second floor, “providing a backdrop for a diverse range of performances, whether it’s dance or drama, music or modern art, there’ll be something for everyone.”
As touched upon, a larger public square will also be included, with improved outdoor areas, new paving and, crucially, more trees, plants and green spaces to make the town centre a much more natural, vibrant and welcoming space.
Private construction company Muse was appointed as the development partner for the new cultural hub and further Wythenshawe town centre regeneration initiative back in August 2024; as a local firm, they have a heavily vested interest in the 30,000 sq ft site and the surrounding area.
Work on the Culture Hub is due to commence this autumn, with the opening scheduled for some time in early 2027 – touch wood.
Credit: Manchester City Council (MCC)
Councillor Gavin White, who serves as an executive member on Manchester City Council’s executive housing and development team, said:“The Culture Hub planning approval is a really exciting milestone in the long-term regeneration of Civic.
“This is a statement of intent of how serious we are about investing in Wythenshawe’s town centre – and this is an early sign of what is to come. We want to build on the destination potential of Civic, create opportunities for local people and visitors to spend time in the area, and widen the offer for our residents to enjoy and participate in the arts right on their doorstep.
“High streets are the soul of our communities and we are investing heavily in our town centres across the city, including Gorton and Moston, to celebrate how they bring people together, support businesses and help grow local economies.
“This is just the start for Wythenshawe, and the conversation we are having with local people is ongoing to make sure we can be guided by the very people who live and work in this community. I’d urge as many people as possible to tell us what they think about the future of their area.”
Joe Stockton, senior development manager at Muse, added:“Getting the green light for the new Culture Hub is a major milestone in our once-in-a-generation plans to work with local people to transform Wythenshawe town centre.
“The feedback that we’ve received so far for the hub has been really positive with many seeing it as a creative space where people and groups of all ages can spend time, learn new skills and explore culture in a positive way.”
“We look forward to getting started on construction later this year, which we hope the people of Wythenshawe will see as a significant sign of our intent to drive this project forward with their ongoing support.”
Featured Images — CGIs via Manchester City Council
Property
Work finally begins on site of UK’s first majority LGBTQ+ housing scheme in Manchester
Emily Sergeant
Work has finally got underway on the start of the UK’s first majority LGBTQ+ housing scheme here in Manchester.
The exciting new £37 million flagship development – which is being built on the site of the former Spire Hospital on Russell Road, in the Whalley Range area of Manchester – will be comprised of 80 one and two-bedroom apartments for older people over the age of 55 for social rent, alongside an additional 40 affordable shared ownership apartments.
Plans for the scheme have been co-produced in partnership with the Russell Road Community Steering Group, Manchester City Council, and the LGBT Foundation.
Delivered in partnership with contractors Rowlinson, and funded through Great Places, the Homes England Strategic Partnership, GMCA Brownfield Housing Fund, and Manchester City Council, the high-quality and sustainable building will offer a ‘safe and welcome feel’ with an ‘inviting presence’.
While the goal is to create an inclusive space, the scheme has also been designed to respect the surrounding conservation area.
On top of this, the low carbon scheme will also feature shared communal facilities including lounges, treatment rooms, and landscaped gardens.
The Council says the new scheme is part of its ambitious target to deliver at least 36,000 new homes across the city region by 2032 – at least 10,000, of which, will be social rent, Council, or considered ‘genuinely affordable’ housing.
It comes after more than 800 ‘Extra Care’ homes have been built in Manchester in recent years, and are another 1,000 are in the pipeline – to meet the demand for older people in the city.
A CGI of the newly-approved LGBTQ+ Extra Care housing scheme development in Whalley Range / Credit: Manchester City Council
“This is a real milestone moment for this development,” commented Cllr Gavin White, who is the Executive Member for Housing and Development at Manchester City Council.
“The Council has believed in the positive impact an LGBTQ+ majority housing development could have for this community for many years, and to celebrate the social rent homes officially starting on site is a great moment for the city.
“Working with the LGBT Foundation, we know that older LGBTQ+ people worry about being able to access appropriate and inclusive housing later in life. Although we hope all older person’s accommodation is welcoming to everyone, this scheme will provide safe, secure and affordable housing for LGBTQ+ people to live with dignity.
“We look forward to the completion of these homes that will complement and enhance this part of Whalley Range, and be an important part of this community.”
The project is scheduled to be completed in Summer 2027.
The Manc -
23rd July 2020 
