New research has revealed who the real “winners and losers” were during Greater Manchester’s unprecedented property boom in 2020.
Bryn, Radcliffe, Cadishead, Hulme and Moss Side have all emerged as some of the hottest areas in the region, according to data compiled by Manchester-based conveyancing specialist JMW Solicitors LLP.
By comparing Google Trends data from July 2019 to July 2020, JMW found that searches for homes for sale in Bryn – a sought-after area of Ashton-in-Makerfield in Wigan – had increased by 179%, from 140 to a whopping 390.
Radcliffe (132%), Cadishead (125%), Hulme (100%) and Moss Side (100%) all showed similar increases, as the property market surged following the first lockdown.
Bryn – a sought-after area of Ashton-in-Makerfield in Wigan – tops the list / Credit: JMW Solicitors LLP
“The unprecedented impact and disruption of the coronavirus pandemic on all aspects of life has resulted in many people choosing to re-evaluate their priorities.” said Andrew Garvie, Head of Real Estate Residential from JMW Solicitors LLP.
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“With more people spending more time indoors than ever before due to the lockdown, it’s little wonder that thousands of families have chosen to change their living arrangements.
“Greater Manchester was no exception to the property market boom that was noted across the UK after the first lockdown, with thousands of searches carried out among prospective homeowners looking to relocate.”
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“Thousands of families have chosen to change their living arrangements.” / Credit: Wikimedia Commons
While the vast majority of areas across Greater Manchester recorded an increase in demand amid the national property market boom, others have seen their popularity dwindle, with Google searches for properties in some areas remaining stagnant despite the lift.
Aspull, Rusholme, Northenden and Kearsley each gained the same number of searches in July 2019 as they did in July 2020, meaning they experienced 0% growth amid the busier period.
The good news is that nowhere in Greater Manchester, where data was available, experienced a reduction in popularity during this time.
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Andrew Garvie added: “While it is interesting to see that many more urban spots, including the usually popular Fallowfield, saw no growth following the first lockdown of 2020, we are seeing a rise in people moving to the outskirts of the city, possibly in search of a quieter life with more outdoor space.
“The pandemic certainly brought about a shift in the type of properties people were searching for, and we can only expect this quest for larger homes with gardens in quieter spots to continue well into the future.”
Nowhere in Greater Manchester experienced a reduction in popularity / Credit: JMW Solicitors LLP
Looking at the situation nationally, house prices across the UK hit record highs in 2020, despite the economic downturn as a result of widespread restrictions.
According to Halifax’s mortgage-tracking index, house prices increased by 7.6% in the year to November 2020, while Nationwide’s index pointed to a 6.5% rise and similarly, Rightmove estimated that asking prices had jumped up by 6.6% in the 12 months to December.
The Office for National Statistics’ transaction data also pinpointed a 5.4% increase to October.
Manchester furniture outlet LOFT is hosting a major closing-down sale with up to 70% off
Emily Sergeant
Manchester furniture outlet LOFT is hosting a major closing-down sale with up to 70% off.
Okay, so it’s not technically closing down per se, but the current LOFT premises off Hyde Road near Piccadilly will officially close doors on 30 September, as the business consolidates its operations and relocates to its newly completed headquarters over at Trafford Park.
Unlike a typical closing-down sale, the stock isn’t old or unwanted. Instead, it’s a live snapshot of LOFT’s day-to-day business, and everything must go.
LOFT is known for furnishing properties across the build-to-rent, student accommodation, co-living, private rented, and social housing sectors, and that constant turnover naturally generates surplus – whether it be project overstock, end-of-line pieces or discontinued items making way for new collections.
The move over to Trafford Park is said to be a moment to clear the warehouse ‘completely’ and start the new chapter with a clean slate.
Manchester furniture outlet LOFT is hosting a major closing-down sale with up to 70% off / Credit: Supplied
This means that everything, from sofas and beds, to dining sets, armchairs, and home accessories, must go before the move, with prices already reduced by 50 to 70% below RRP.
Benjamin Hall, who is the Founder and CEO of LOFT, says this is the ‘biggest and best value’ sale the company has ever offered.
He explained: “As we settle into our new home at Trafford Park, we want a completely clean slate. Whether you’re a homeowner after a one-off bargain, or a landlord, agent or developer furnishing multiple units on a budget, there has never been a better time to visit.”
So homeowners, landlords, letting agents, property developers, interior designers, and home-staging businesses, this one’s for you.
LOFT Manchester is open from 9am to 5pm on weekdays only, and no appointment is needed, so you can just turn up whenever and bag a bargain.
Featured Image – Supplied
Property
Plans unveiled to deliver 50,000 council and ‘genuinely affordable’ homes in Greater Manchester
Emily Sergeant
Plans to deliver 50,000 council and ‘genuinely affordable’ homes in Greater Manchester have been unveiled.
By removing ‘blockers’ to development and transforming disused public land into new housing schemes, Greater Manchester Mayor Bev Craig has set out her plan to tackle the housing crisis and deliver ‘a new generation’ of homes – with 50,000 new ‘genuinely affordable’ homes to be available across the city region by 2039.
It’s expected that 10,000 of these homes will either be built, on site, or in the pipeline with planning permission ready to go by May 2028.
To meet the scale of this ambition and deliver the homes the region needs, Greater Manchester Combined Authority (GMCA) says it will need to ‘pull every lever at [its] disposal’, from remediating brownfield land, to bringing forward dormant sites in public ownership.
That’s why the Mayor will be asking Greater Manchester‘s public bodies to carry out a public land review and identify sites that could be brought forward to deliver homes.
GMCA has already used its Brownfield Housing Fund to support several schemes that are delivering thousands of affordable homes – including social rent homes – as part of the £2 billion Good Growth Fund.
If you’re unfamiliar, the Good Growth Fund is investing in a pipeline of projects to deliver new homes, regenerate town centres, create jobs, and build infrastructure to connect people and places.
“When I was Manchester City Council Leader, I built more council and social homes than Manchester had built in 25 years,” Bev Craig declared. “But we need to go further and faster in every bit of Greater Manchester.
“We will be leading by example when it comes to freeing up disused and dormant public land for development and I’m calling on other Government bodies to join us.
“I know first-hand the security that a Council house brings, and that’s why I am absolutely committed to delivering the Council and social homes that people here in Greater Manchester need, so everyone can have the foundation of a good life in our city region.”
Currently, land supply for 78,585 new homes of all tenures up to 2030 has been identified.
Greater Manchester is in line to receive an initial £1.8 billion from the Government’s Social and Affordable Homes Programme, and the Mayor will meet with Government in the coming weeks to set out joint plans to achieve these ambitions.
Emily Sergeant -
27th May 2021 
