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SALFORD BECOMES SECOND HOME CAPITAL OF ENGLAND
 

Star date: 3rd October 2017

BUY-TO-LET INVESTORS INFEST SALFORD AS 36% OF SALES ARE FOR SECOND HOMES

According to new Government figures, Salford is now the second home buyers' capital of England, outstripping even the City of London and Westminster.

Over the last year, a massive 36% of all property sales in the Salford and Eccles constituency, which includes MediaCityUK and Ordsall, were to second home buyers, like buy-to-let investors and crash pad BBC employees.

Full details here...


Wilburn Street Basin Salford Fred Done selling Salford to Hong Kong Tinned up affordable houses Pendleton
click image to enlarge

One of the reasons for Salford's massive 'Pathfinder' demolition programme of cheap housing over the last few decades was to stop what Salford Council called, a 'transient community', where people were renting short-term and had no permanent stake in the city.

What has happened since is a shortage of cheap housing and affordable rented property, as massive developments of luxury apartments have sprung up which, new Government figures show, have been snapped up as second homes possibly as crash pads for BBC employees but most definitely as buy-to-let investment properties for the rich.

The Government labels these second homes, 'additional property transactions', and statistics for 2016 to 2017 show that in Rebecca Long-Bailey's constituency of Salford and Eccles which includes MediaCityUK and Ordsall 36% of all residential property sales were 'additional property transactions': a total of 1,260 properties.

In terms of volume, this was the highest number in the country, and, in terms of percentage, was the second highest in the country after Edmonton (40% based on 440 properties). Salford and Eccles even outstripped the City of London and Westminster constituency (33%, 980 properties).

By contrast, the percentage of second home sales in Manchester Central was 25% (890 properties), the percentage for Blackley and Broughton was 29% (450) and Worsley and Eccles 20% (400).

In Salford as a whole, the percentage of second home sales was 30% (1,890 properties worth 284million), only beaten by Kensington and Chelsea (36%) and Westminster (33%).

According to property sites, Salford currently offers around a 6% 'average rental yield' on buy-to-let flats, as overseas investors and rich speculators cash in on the city's generous developer terms.

Salford City Council doesn't say much these days about 'transient communities'...meanwhile almost ten thousand people are currently on the city's housing waiting list in


See previous Salford Star articles for a full background...

Only Two Affordable Properties Out Of 4,172 Built In Greengate and Chapel Street click here

Salford's 42million Planning Scandal As Mayor Asks What Is Going On click here

Salford In Top 10 Greedy Property Speculator Hotspots click here

Salford Council Gives Ordsall Away For Nothing To Developers - click here

Ken wrote
at 12:10:22 on 05 October 2017
MJF- Come back to Labour when I've seen them rip the heart out of Salford and desert working class people? This current mayor has the nerve to be on about 60k a year and takes up social housing in Albion Towers? Allow flat builders to avoid tax? The current incarnation of Labour stink to high heaven.

Milk float wrote
at 09:24:50 on 05 October 2017
More hot air , whilst social housing lists grow by the day,unless its for profit it won't be solved any time soon

Michael James False wrote
at 17:43:21 on 04 October 2017
Hello fellow citizens of Salford. I have been busy recently. I was in Alicante,taking a well earned break from winning tutor of the year again. Then I came back to Manchester for the pride week. After that I was going to stand for councilor in Claremont for the Tories. The storm in the carribean meant I had to go to check on my properties in Martinique then pop over to New Zealand on my way back. I am thinking of taking over running and probably coaching the Salford Red Devils rugby football club, but I got a bit distracted by Jeremy Corbyn's speech and decided to apply for membership of the Labour Party. I am a bus driver, supermarket assistant, librarian, helicopter pilot, firefighter, ice cream seller, shoe shop assistant, nurse, ticket seller and more. Oh--hang on.That is Miss Rabbit in Peppa Pig. Time for more hols and to decide which party I am going to stand for when I get back.

Michael James Felse wrote
at 15:18:06 on 04 October 2017
Wrote is correct but my own social values have never changed. I recall my first landing at Barton Airport thinking what is Salford. In fact even today in Cartagena, Spain docking on Independence of the Seas ship I still realise the importance of Salford heritage as opposed to this plasticated portrayal of Spanish culture about to risk civil unrest. I urge Salford Labour to pick me to stand in the Langworthy seat where I can carry on the work of Paul in honour by gifting Councillor allowance to Salford's Mind Charity helping vulnerable people in Salford.

wrote
at 09:48:03 on 04 October 2017
MJF may have been born in a council house, but he doesn't live in one now. How many properties does he own, in the UK and overseas?

Michael James Felse wrote
at 05:11:34 on 04 October 2017
Hi priapus - in fact I was born in a council house. We need more and my own experience of life tells me good people come from living in social housing, just look at the Beatles. Stop pissing out the negatives and let us all help make things happen in Salford.

priapus wrote
at 19:24:35 on 03 October 2017
Thats right MJF. Round up all the working class types, stick em in council ghettos, charge em high rents for crap, when they die, boot their kids out because they are under occupying , give their family homes where they have lived all their lives to someone else. have jackbooted housing association types tell em all what to do, and what not to do, whist not doing proper maintainance. that ell keep em in line, whilst people like you can all rent properties out, to get a bit of security for your old age. people should own their own houses. they are only expensive because supply is restricted artificialy. we do not have a shortage of building materials, or labour to build them. the housing shortage is just a way of the political classes to control people. its just another big stick. As for coming back to Labour as in party, . well thats just a big joke. in this city they are worse than thatcher.

Mary ferrer wrote
at 13:09:23 on 03 October 2017
They are not just buy to let.they are HMO"S (houses of multiple occupancy) In Claremont we have 2 up 2 down with 4 people sharing the bathroom and kitchen. These people who buy the houses don't have to live with the concerquences.Rubbish fly-tipping late night parties, cars.in one road alone in Claremont there are 5 housed with a grand total of about 40 people living in them.some of the houses are scruffy,which will in time bring the area down. I don't think they need a change of use unless there are over 5 living there. They are even converting the cellers. It may look good for salford council, all these people moving to the city.But what about the people who are living here NOW and have to put up with the problems HMO's bring.Something needs to be done.As fast as a property comes on the market,it's sold.What about Salford people who want to buy a house and start a family.soon they will have to look further afield.

Michael James Felse wrote
at 13:08:15 on 03 October 2017
This is true. But caused by lack of social housing builds. I know the rise of the right wing is behind a drive to rule the UK. Please take serious notice and know only Labour can stop the right wing advance. I am very afraid. Labour has come back to my working class belief. I beg all Salford friends to come back to Labour.

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SALFORD CITY COUNCIL SPENT ALMOST 10,000 ON MIPIM PROPERTY JAUNT

Star date: 21st June 2018

COUNCIL SPENT 5,750 ON MIPIM PR IN SOUTH OF FRANCE

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Star date: 20th June 2018

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Full details here...

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Star date: 19th June 2018

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