Newspaper article Manchester Evening News

Home Buyers Hit by Rising House Prices

Newspaper article Manchester Evening News

Home Buyers Hit by Rising House Prices

Article excerpt

HOME buyers are being 'priced out' of south Manchester's trendy suburbs, a local councillor has warned.

Coun John Leech says property prices in Didsbury, Withington, Chorlton and Fallowfield have rocketed to such heights that homes have become unaffordable for many.

He said: "In places like south Manchester, renters are far more likely to face greater insecurity associated with short-term contracts. The struggle to buy property makes it harder for people to gain financial security that they may need to rely on in later life.

"In south Manchester, we have a large proportion of students renting properties in areas such as Withington, Fallowfield and Old Moat. Landlords are buying vast numbers of properties here and renting them out in often unacceptable conditions knowing that students and young families have no other option. …

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