Tuesday, March 06, 2018

Manchester's Housing

Deloitte named Manchester one of Europe’s fastest-growing cities.

Of the 61 big residential developments granted planning permission by Manchester city council in 2016 and 2017, not one of the 14,667 planned flats or houses met the government’s definition of affordable, being neither for social rent nor offered at 80% of the market rate.

Just 65 of the total will be shared-ownership properties, where the owner buys a proportion of the property and pays rent on the remainder, typically to a local authority or housing association. None are central: 30 are in Gorton. 27 will be in Openshaw, which is in the most deprived ward in Manchester and in the 1% most deprived in the whole of England; and eight in Moss Side.

Meanwhile, the city itself is building almost 700 properties set to be rented at “market rates” in a partnership with the Abu Dhabi United Group, formed after a group of Abu Dhabi investors bought Manchester City football club in 2008.

In 2017 Manchester city council negotiated £1.5m in developer fees, which it says will be used to build more affordable homes. But these will not be in the city centre. They will be in cheaper areas of north Manchester, Clayton and Beswick in the east and Wythenshawe in the south.

https://www.theguardian.com/cities/2018/mar/06/the-0-city-how-manchester-developers-dodge-affordable-housing

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