House prices in the North West have more than trebled over the past 20 years
In 1999, the average house price in the North West was just over £50,000. Twenty years later, the typical cost for a house in the region was around £164,000.
House prices in the North West have skyrocketed over the past two decades, new data has shown.
Estate agent Coulters Property reported the findings after conducting research on the changing landscape for first-time buyers.
Coulters also found that whilst property costs have risen sharply; earnings have lagged behind.
In 1999, the average house price in the North West was just over £50,000. Twenty years later, the typical cost for a house in the region was around £164,000.
During the same time period, average salaries rose from £16,000 to just £28,000.
Mike Fitzgerald, Coulters Executive Chairman, said the stats reflected modern disparity between personal income and property prices.
“Although being a first-time buyer is exciting, over recent years, the affordability gap has stretched and continued to do so every year, making it difficult to make the first step onto the property ladder,” he commented.
“In these uncertain times, these inequalities have been made much more apparent.
“There’s no questioning that wages have increased with the rate of inflation, but have they increased enough? Despite recent schemes such as Help to Buy or part-ownership, house prices are expected to increase, with the possibility of a 15% increase over the next five years or so.”
However, despite the deflating data, Mr. Fitzgerald emphasised that support was available for first-time buyers in Britain.
“It’s important to seek all the information you can when considering getting a foot on the property ladder and not let the numbers put you off,” he explained.
“There is so much support and often a price bracket to meet first-time buyers’ needs.”
Mr. Fitzgerald continued: “Capital returns on property are traditionally strong, but like all investments the returns need to be measured over a sufficiently long period of time to flatten out short term spikes and dips in values.
“If done sensibly the outcome and rewards are certainly worth it, not only in financial terms but also in the pleasure that home ownership can bring.”
Sneak peak inside swanky new homes ready to rent in an up-and-coming Greater Manchester town
Emily Sergeant
Dozens of swanky new homes are now available to rent in an up-and-coming Greater Manchester town.
A collection of exciting first look images have been released of the new homes.
The reboot of the former derelict market precinct in the suburban Bolton town of Farnworth is being spearheaded by Capital&Centric, and the social impact developers behind the project are now giving prospective renters a sneak peak into the developed.
Dubbed Farnworth Green, the new community consists of 97 rental homes, made up of a super energy-efficient range of townhouses and apartments.
The development will be comprised of a mix of one, two, and three-bedroom properties, with 85 stunning apartments and 12 family homes – all of which have been designed with the same high-quality features that are usually reserved for Capital&Centric‘s city centre spaces.
Designed for renters, the dozens of new homes come with even more living space, as well private gardens to be enjoyed when the sun makes an appearance, and potting sheds for all the green-fingered people out there.
Residents will also have access to the exclusive rooftop garden, gym, lounge, co-working spaces, and dog washing stations for their four-legged friends.
The two-bed apartments are packed with Scandi-designed HAY furniture and massive floor-to-ceiling windows to flood the rooms with light, while the the top-spec kitchens are kitted-out with all the mod-comms and latest appliances you would expect.
The new townhouses, on the other hand, will be the first to be delivered under the developer’s ‘Neighbourhood’ brand.
Pioneering new homes at Farnworth Green are now available to rent / Credit: Capital&Centric (Supplied)
This includes Bolton’s first-ever operationally net zero homes, aiming to ‘slash’ energy bills for residents.
A raft of independent bars, eateries, and shops will also be taking shape on the ground floor of the community hub, giving locals and residents a place to meet up and enjoy seasonal outdoor events that will be planned once the neighbourhood is up and running.
Residents will also be able to spend time in a brand-new public square at the heart of the community, which will play host to artisan markets, art shows, and foodie pop-ups.
A collection of exciting first look images have been released of the new homes / Credit: Capital&Centric (Supplied)
“We’re buzzing to see the new homes come to life at Farnworth Green,” commented Tom Wilmot, who is the joint Managing Director of Capital&Centric.
“Farnworth Green is all about creating new and exciting spaces for businesses and the community to spend time in, as well as delivering a pioneering new town centre living experience and giving disused retail areas a new lease of life.”
Capital&Centric is encouraging people to sign-up fast to secure a viewing for the remaining apartment here, or walk-ins will be welcomed too.
Featured Image – Capital&Centric (Supplied)
Property
Manchester to get ANOTHER new city centre park as plans get green light
Emily Sergeant
You wait 100 years for a new city centre park, and then two come along one after the other.
That’s right, merely a few years after Mayfield Park finally opened to the Manchester public after more than a century without one, it’s now been revealed that another park is planned for the city centre, as the Government has given the green light to a major new ‘digital campus’ bringing 7,000 civil service jobs to the region.
The new state-of-the-art hub, which will be known as Manchester Digital Campus, will be constructed on the site of the former Central Retail Park in Ancoats, alongside the new park.
As mentioned, the campus will bring together a number of Civil Service departments, all with a focus around digital skills, and the Government claims it will create ‘significant employment opportunities’ and ‘economic benefits’ in the region.
Ultimately, Government ministers say these ambitious plans are set to boost Manchester’s digital and tech sector.
Our proposed plans for the Manchester Digital Campus have received the green light!
The state-of-the-art campus in Ancoats will bring together a number of Civil Service departments with a focus around digital skills.
— Government Property Agency (the GPA) (@UKGovPropAgency) February 20, 2025
Alongside the new campus, however, is the perhaps even-more-exciting addition of a new urban park, which is aiming to improve access to quality green space for city centre residents and visitors, while also creating a connection to the existing Cotton Field Park behind and through to Ancoats and New Islington.
The park space has been designed in collaboration with landscape architects Planit-IE following public consultation.
According to Manchester City Council, a central lawn and plaza will create a ‘green buffer’ to Great Ancoats Street, with various tiered gardens navigating the different level changes across the site, alongside play areas, paths, and tranquil areas to escape the noise of the city.
The park has also been designed to make sure that it’s fully accessible for all.
A new digital campus by @UKGovPropAgency bringing 7,000 quality jobs to Manchester has been approved.
The campus will transform a derelict former retail site alongside a new city centre park in Ancoats.
The site will accommodate new walking and cycling routes, helping to link to other city centre active travel investment in Ancoats, Northern Quarter, and out towards the Etihad Campus.
“The new park is a welcome addition to our city centre green spaces,” commented Cllr Bev Craig, who is the leader of Manchester City Council.
“It’s a reimagining of the former retail site that has for many years acted only as a barrier to the community behind – and an eyesore in one of the most exciting parts of our city.”
The Manc -
23rd July 2020 
