Research from social impact developer CAPITAL&CENTRIC has shown that less than 2 per cent of the Manchester residential market is prioritising sales to owner-occupiers.
Examining new build homes on the market in Manchester city centre for £250,000 and under (via Rightmove in May 2020) CAPITAL&CENTRIC uncovered that 76 per cent were aimed at investors.
47 per cent of homes for sale appeared to be marketed primarily at investors, focusing on promoting predicted yields on investment.
A further 29 per cent were targeted solely at investors, requiring hefty deposits and in many cases specifying “buy-to-let” or “investors” only.
Just four developments in the city centre were aimed at owner-occupiers only.
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Two of those were CAPITAL&CENTRIC’s CRUSADER and PHOENIX on Chapeltown Street in Piccadilly East.
CAPITAL&CENTRIC
CAPITAL&CENTRIC previously made headlines for creating an owner-occupier community and banning investors when it launched Crusader Mill in 2017.
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Their research arrives as the developer nears completion on the Phoenix development next door – which is also reserved for owner occupiers.
Adam Higgins, co-founder of CAPITAL&CENTRIC said: “For us, banning investors has always been about creating a proper owner occupier community, where you can set down roots and get to know your neighbours. That desire to be part of a community has never been stronger as we’ve all come together in the face of coronavirus.
“Since lockdown we’ve seen loads of interest from people, especially first-time buyers, who want to live alongside other owner occupiers.
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“This research shows that many other would be buyers are still missing out to investors who are often buying up flats they’ll never visit, seeing them as investments rather than homes and either being an absent landlord or leaving them pristine and empty until the time comes to sell.
“Locals living in these flats, have bugger all chance of getting to know their neighbours, if they have any at all!”
CAPITAL&CENTRIC
Phoenix residents will be the first to move into the emerging Piccadilly East neighbourhood – recently named by The Times as one of the next greatest places to live – when the development completes in August.
The one and two bed apartments, designed by shedkm, are on average 35% larger than other properties in Manchester – another feature that has attracted buyers during lockdown.
Over half will have spacious balconies, with residents being able to access roof gardens and a dog-friendly green courtyard with fire pits and barbecues.
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Adam continued: “Most of us have had a lot more time at home over the last few months and buyers just won’t put up with poky, identikit apartments anymore.
“They want bigger rooms and outdoor space in a place that feels like home.”
PHOENIX is available with Help to Buy with prices starting at £195,000.
To find out more or book a viewing at PHOENIX, head over to the official website.
Property
Greater Manchester could be getting a new town under ‘ambitious’ Government housebuilding programme
Emily Sergeant
Greater Manchester could be getting a new town under an ‘ambitious’ proposed Government housebuilding programme.
Manchester Victoria North is one of seven new towns that have been proposed.
Named for consideration as part of what the Government is referring to as the most ambitious housebuilding programme in more than half a century, the locations of seven new towns have been revealed this week, and also include other northern locations like Leeds South Bank, as well as places in Milton Keynes, Buckinghamshire, and Greenwich.
The Government says that the next generation of new towns are to be ‘built for the future from the ground up’.
They will create well-connected new communities with homes, jobs, schools, green spaces, and suitable transport links planned from the start.
Each proposed location is expected to deliver at least 10,000 homes – with several delivering 40,000 or more in the decades to come.
Greater Manchester could be getting a new town / Credit: Manchester City Council
All seven of the proposed new towns are set to be designed for modern everyday life, the Government insists – with neighbourhoods that people can easily get around without a car, incorporating shared green spaces and ‘vibrant’ high streets.
As part of the Manchester Victoria North proposals announced this week, at least 15,000 homes regenerating the heart of Greater Manchester are to be built, with a new Metrolink stop connecting residents to jobs across the city.
“People want real change,” explained Housing Secretary, Steve Reed. “They want homes they can afford, local infrastructure that works, and good jobs in thriving communities.
“Our next generation of new towns marks a turning point in how we build for the future.
“From the ground up, we’re planning whole communities with homes, jobs, transport links, and green spaces designed together, so we can give families the security and opportunities they deserve.”
Alongside the new towns consultation, the Government has also confirmed today that the National Housing Bank will launch on 1 April, backed by up to £16 billion of financial capacity and aiming to deliver over 500,000 new homes.
The Government has also confirmed additional support worth up to £400 million over the next decade for ‘subsidised products’.
Featured Image – James Feaver (via Unsplash)
Property
Altrincham named one of the UK’s best places to live in 2026 in The Sunday Times’ annual ranking
Emily Sergeant
A popular Greater Manchester town has been named among the UK’s best places to live by the Sunday Times in its annual ranking.
That’s right… it’s that time of year, once again.
The Sunday Times is known for pulling together a list of what it considers to be the most sought-after places to live in the UK every year, and 2026’s ranking has officially been published today – with dozens of locations across the country making up the comprehensive guide, and six of those coveted locations being right here in the North West.
The Sunday Times’s expert judges have visited all locations on the list, and assessed factors such as schools, transport, culture, broadband speeds, access to green spaces, the health of the high streets, and much more to devise the always-talked-about annual ranking.
Macclesfield in Cheshire, Eden Valley in Cumbria, Lancaster in Lancashire, and Aigburth in Liverpool are just some of the North West areas named by the publication in the 2026 list.
Altrincham has been named one of the best places to live in the UK / Credit: The Manc Group
A spotlight has also been shone on two Greater Manchester towns, and one of two has even been given the regional North West title… but which are they?
Where has taken the top spot as the best place to live in the North West for 2026, and is therefore one of the best places to live in the whole of the country? Well, that honour has been given to none other than Greater Manchester’s very-own Altrincham.
The publication described the Trafford town as ‘classy, cool and effortlessly comfortable’.
“Altrincham is a top-notch town brimming with independent businesses and big brands, and now it’s flying even higher,” The Sunday Times said.
The fact that co-working has now arrived on the high street thanks to the conversion of the old Rackhams department store, and that the town’s cultural and creative ‘cachet’ is also on the rise, have been highlighted as reasons as to why Altrincham has been chosen as the North West’s winner, as well its newly-flourishing fitness scene.
Of course, the town has also been praised for its transport links into Manchester city centre and across the region, as well as it being a great place for families thanks to the excellent local schools on offer.
Didsbury was the other Greater Manchester town chosen to represent the best of the North West – with the Manchester suburb described as being ‘stylish, solid, safe, and, yes, a little bit smug in parts… but that’s okay’.
The Manc -
14th July 2020 
