Newspaper article Manchester Evening News

WHY MANCHESTER IS THE PLACE TO BUY A HOUSE ; Homes ADVERTISING FEATURE Manchester

Newspaper article Manchester Evening News

WHY MANCHESTER IS THE PLACE TO BUY A HOUSE ; Homes ADVERTISING FEATURE Manchester

Article excerpt

THINKING of buying a home now that the market is picking up? Then you should probably know that property prices in some areas of Manchester are booming. Average figures for East Manchester, for example, have trebled since 2000, meaning if you had bought a house in M11, which covers Beswick, Clayton and Newton Heath, in 2000, you would have paid just Pounds 17,706 on average.

But so far this year, homes have been selling for nearly Pounds 100,000 - a staggering 480 per cent increase, compared to the national average of 139.2 per cent . In M12, which covers Ardwick and Longsight, houses changed hands for just Pounds 21,427 back in 2000. Today, they sell for nearly Pounds 80,000 on average - a 273 per cent increase.

House prices have also more than trebled in M18, covering Gorton, and M19, covering Burnage and Levenshulme.

Meanwhile, over in leafier M20 and M21, which cover Chorlton and Didsbury, prices rose 117.5 per cent and 150.9 per cent respectively over the same period. The average home in M20 has sold for Pounds 242,819 so far this year. The figure for M21 is Pounds 238,707.

Some areas of Manchester have always been popular for residential purchases but it seems that areas like Beswick and Clayton and beginning to catch up thanks to sustained investment and a new approach to creating community hubs.

Over in Wythenshawe, investment in and improvement of schools, housing and transport links are paving the way for real regeneration.

The town centre is being revamped and there are now just nine empty units - the best rate in the country - and its schools, one of which is among the 100 most improved, are thriving.

Jeff Jackson, town centre manager, says those who live and work in Wythenshawe have moved past ill-conceived perceptions.

He said: "Wythenshawe is now around 50 per cent privately owned - we've got the tram link coming in, it's bringing new business, and we already have 1,500 businesses based here. …

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