HOME   ARCHIVE   GALLERY   SHOP   ABOUT US      
 

 
SALFORD SEES HIGHEST HOUSE PRICE RISE IN NORTH OF ENGLAND SINCE 2000
 

Star date: 4th July 2018

270% HOUSE PRICE RISE IN SALFORD SINCE 2000 PUTS CITY IN TOP 10 PROPERTY HOTSPOTS OUTSIDE LONDON

Property prices in Salford have risen by 269.5%, from an average 42,271 to 156,190, since the turn of the century, putting the city in the top ten hotspots in the country, outside of London, and top in the north of England.

The research, by online estate agents HouseSimple.com based on Land Registry statistics, shows a tale of two cities in Salford, with booming property prices on one hand and an affordable housing crisis on the other.

Full details here...


Back in the not-too-distant day, the word going round Salford was that you could pick up a house in Langworthy for 5,000 as property prices in the 'undesirable' bits of the city collapsed while permanent economic recession hit hard. But at least a house in the city was affordable.

Then along came Salford City Council, via the Labour Government's Pathfinder scheme, and bulldozed thousands of homes, replacing them with new houses right out of the scope of people's pockets.

One bloke, Jimmy Griffiths, who was forcibly removed from his terraced home in Higher Broughton, told the Salford Star in 2007 that "I can own a third of a terraced house on the site where I was, whereas before I owned all of a terraced house..."

Between 2005 and 2007, house owners were paid between 19,250 and 56,000 for their houses in Higher Broughton by Salford Council. Prices a few years later for new houses in the Kings Square estate built on the site of the demolished streets cost up to 239,950 (for full details see previous Salford Star article click here).

Latest research by online estate agents HouseSimple.com, based on Land Registry statistics, now show that Salford has seen the biggest increase in house prices in the north since 2000, rising from an average rock bottom of 42,271 in 2000, to 156,190 currently; a whopping 269.5% increase.

It puts Salford in the top ten property hotspots in England, outside London, and top in the north for average property prices over the period.

Top place in the country, outside London, was Southend-on-Sea which recorded a 290.9% increase, from 71,879 in 2000 to 280,948 now. Apart from Salford, the only other northern place to figure in the top ten was Sale, which recorded a 266.4% increase in average property prices, from 76,351 in 2000 to 279,776.

"While London is the clear winner when it comes to house price growth since the turn of the century, prices have boomed in many areas outside the capital as these figures attest" says Sam Mitchell, CEO of HouseSimple.com "What's more impressive is that in the middle of this 18-year period, we experienced one of the worst recessions this country has ever seen. It shows the resilience of the UK property market.

"During this period, London property prices stabilised thanks to an inflow of foreign investment, and then started to rise again 18 months after the height of the credit crunch" he adds "However, that wasn't the case across large swathes of the country, where the recovery process was far more protracted.

"Today, the property price growth picture is entirely different" he explains "As London's property market shows signs of running out of steam, we are seeing strong growth in the north of England..."

...And an affordable housing crisis to go with it.


See also related Salford Star articles...

Salford Council Figures Show Half of Salford People Cannot Afford A Low Cost House click here

Pendleton Demolitions see More Social Cleansing click here

Salford Apartments Branded 'Downtown Manchester' Flogged to Knightsbridge Investors click here

No Social Rent Housing Built in Salford click here

over here wrote
at 11:01:25 on 15 July 2018
Fact is, a lot of the properties are being bought up and turned into HMO's albeit registered or not. A house went for well over the asking price on my road, it then got 1 years of works carried out to turn the house into 5 flats all costing 450 a month. Come on the whole house would have cost 450 a month which means the rich landlords also not leaving out the schemes with multiple owners. Residents are being priced out....

Please enter your comment below:
 
 
 
Giraffe
Salford Star contact
Deli Lama
advertisement
 
Contact us
phone: 07957 982960
Facebook       Twitter
 
 
Recent comments
article: COMMUNITY GREEN SPACE CAMPAIGNERS JOIN DEMO OUTSIDE SALFORD CITY COUNCIL MEETING
I think Gareth is right on this. If you enlarge the pictures a bit you can see most of them have this "Labour voter" look about th... [more]
article: ECCLES HOMELESS SHELTER COURT CASE SET FOR END OF JANUARY
Wow, so the homeless and unemployed have better chance of access to a dentist than the average taxpayer. Wow.... [more]
article: ECCLES HOMELESS SHELTER COURT CASE SET FOR END OF JANUARY
The Salford Unemployed and Community Resourse Centre must be complimented for its caring and advocacy services. Alex Mcfaddon and ... [more]
article: GRADE II LISTED CROWN THEATRE IN ECCLES TO BE CONVERTED FOR APARTMENTS
I don't mind housing, I just mind the way they are going about it. respect the listing, make it shorter, provide enough parking, o... [more]
article: COMMUNITY GREEN SPACE CAMPAIGNERS JOIN DEMO OUTSIDE SALFORD CITY COUNCIL MEETING
Felsey,the lesson to be learnt from the recent events at Westminister is that the birds are finally coming home to roost on lyi... [more]
 
 
 
 
 
Days
Hours
Minutes
Seconds
 
 
 

Donate

Help the Salford Star...

all donations welcome

 
 

More articles...

SALFORD LADY MARGARET MCHALE TURNS ONE HUNDRED AT THE BROUGHTONS

Star date: 20th January 2019

FROM HANKY PARK TO LITTLETON ROAD VIA LANCASTER BOMBERS AND THE 'MONKEY RUN'

Salford's Margaret McHale turned one hundred this week as her six children and relatives gathered for a huge party at The Broughtons Care Home. Born in Hanky Park, Margaret moved around central Salford, to Ellor Street, Warburton Street and finally to Littleton Road, as part of the slum clearances.

A proper Salford lass, Margaret worked on Lancaster Bombers during the war and as a machinist in Strangeways, and, as the family partied with residents and staff, there were a zillion anecdotes that will echo with loads of local families.

Full details here...

NEW SALFORD APPRENTICESHIPS AT ELECTRICITY NORTH WEST

Star date: 20th January 2019

POWER TO THE PEOPLE!

Electricity North West, the region's power network operator, is looking to take on young Salford people and has places for craft apprenticeships, which include overhead line workers and cable jointers, and higher level apprenticeships, which include roles such as design and control engineer.

Full details here...

ECCLES HOMELESS SHELTER COURT CASE SET FOR END OF JANUARY

Star date: 18th January 2019

TOOTHBRUSHES AND SOCKS FOR THE HOMELESS

On 9th January at the Manchester Civil Justice Centre, the judge allowed an eight day extension for those homeless people currently occupying the old doctor's surgery in Eccles. The case has now been set for the end of January, giving them an extra two weeks to prepare a legal defence.

Meanwhile this week, the Salford Unemployed and Community Resource Centre, which is helping the Shelter, took delivery of loads of pairs of thick winter socks and around one hundred toothbrushes and toothpaste tubes donated towards its new Medical and Dental Surgery for the homeless and ex-offenders.

Full details here...

SALFORD GRADE II LISTED VICTORIA THEATRE STEP CLOSER TO BEING SAVED

Star date: 17th January 2019

NEW OWNER CONSIDERS RESTORATION PLANS FOR LOWER BROUGHTON THEATRE

After Lower Broughton's 'at risk' Grade II listed Victoria Theatre was sold last year, there were fears that it would be pulled down for development but the Salford Victoria Theatre Trust has today announced that its new owner "has engaged with the group to seek out a way forward, even vowing to consider plans to restore it for its original purpose".

The Trust is now putting together a business plan and pitch to present to the owner at the end of the month, with a meeting planned with Salford City Council next month to discuss the theatre's future.

Full details here...

COMMUNITY GREEN SPACE CAMPAIGNERS JOIN DEMO OUTSIDE SALFORD CITY COUNCIL MEETING

Star date: 16th January 2019

'IT'S THROWING RESIDENTS TO THE WOLVES OF RAMPANT DEVELOPMENT'

Before a full meeting of Salford Council this morning, residents campaigning against development on green spaces in the city held a demonstration outside the Civic Centre.

Representatives of campaigns including from Campbell Road, Duncan Matheson, Walkden and Buile Hill Park then went into the meeting to hear City Mayor, Paul Dennett, say that the Greater Manchester Spatial Framework was "protecting green belt and green spaces", after Carol Boyce of Saving Our Neighbourhood had accused the Council of "throwing residents to the wolves of rampant development".

Full details here...

 



written and produced by Salfordians for Salfordians
with attitude and love xxx