The Great Northern Property Scandal

Posted on 23rd February 2012 by admin in Manchester Property,Sutton Living - Tags: ,

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Manchester is often hailed as England’s second city. Located in the North West of England it is home to some four hundred thousand people. Manchester, like many other towns in the north of England, rapidly expanded throughout the industrial revolution. From its beginnings as a small, almost missable town, Manchester quickly grew into ‘Cottonopolis’, its nick name during the city’s heyday as a major cotton producing region in England. The legacy of the city’s cotton making past is still evident in the many former warehouses and mills which are dotted around the urban sprawl.

 

Many of these mills and warehouses have been converted in to offices and apartment blocks, however being a highly urbanised area, there is no shortage of office space or accommodation and many of these newly converted mills and warehouses remain at least partially empty. This should be great news for potential home buyers as the amount of property on the market should be pushing house prices down as supply is greater than demand, but it’s not quite working that way.

 

Manchester estate agents are keen to either sell or let the properties on their books, but they are also reluctant to let the prices drop too far, as this would mean their ever increasing profit margin may level out of even drop slightly. The fact is that with an abundance of any single product on the market, the price would naturally drop. However when it comes to property prices, which in my opinion have been artificially inflated for several decades now, the estate agents are keen to keep them as high as possible, even if it means pricing a lot of potential first time buyers out of the housing market.

 

Unlike the rest of the UK which is seeing a shortage in housing, the former industrial heartland of the north, being the City of Manchester has an abundance of property. In fact Manchester property prices should be far lower than what they currently are, but since the selling prices are usually set by an estate agent rather than the seller, Manchester property prices have remained far higher than they should be, for far longer than they should have.

 

For Manchester estate agents it’s a win win situation as Manchester property is in abundance but the buying price is too high for many low to mid wage earners. This means their living option is reduced to renting instead of buying so where do they go? The estate agents! Again, the cost of renting in Manchester is as inflated as the property market, and with some seventy thousand students all in need of accommodation means the estate agents can charge what they like, which is bad news for those seeking affordable accommodation in Manchester.

By Carl Liver and Barry Summers

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CCSF City v Liverpool EXCLUSIVE Man City team arrival at the Etihad Stadium

Manchester: Not Just About Football   by Flanigan Moreles

Like it or not, the name David Beckham would always be associated with Manchester. Manchester is much greater than Beckham, however. The capital of the north of England, Manchester is the second best place in the United Kingdom – after London – to do business in. It is also one of the most frequently visited. It has two premiere football teams, the legendary Manchester United and the not so legendary Manchester City. With its relatively damp climate, a good strong roof over one’s head is a must. The Hotel Manchester Renaissance offers just that.

Good Hotel Feature #1: An Escape Route The Hotel Manchester Renaissance is located on Deansgate, right at the heart of Manchester’s city center, which is notably as stylish as Beckham himself. It’s just a hop and a skip away from the Victoria Station. So, if you ever get tired of all the football talk, you can always jump on a train and head to another British city that is not as football crazy as Manchester. Good luck finding one, though.

Good Hotel Feature #2: A Link to the World through Cyberspace Whatever your function needs are, the Hotel Manchester Renaissance rises to the occasion — from weddings to dinner parties to conferences. Conference rooms are not only spacious; they also offer high-speed Internet connection, allowing executives to pretend to work with relative ease and comfort. WIFI Internet access is also available in the Hotel Manchester Renaissance’s elegant lounge so executives can pretend to work there, too, while discreetly observing the local women. They can even feign work in the comfort of their own bedrooms, as each room is provided with Internet connection and an interactive television.

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Good Hotel Feature #4: Good Food, Even Better Bar Patrons Manchester has a score of fine restaurants and bars scattered all over the city, and one of them is just a ride on the lift away from your guest room at the Hotel Manchester Renaissance. Robbie’s Restaurant and Bar serves breakfast, lunch, and dinner. The bar is a favorite haunt of the cr?me de la cr?me of Manchester. If you’re lucky, you might even end up having a drink with a chap from Manchester United or at least Manchester City. For the football novice, have a drink with Robbie himself. That is, if he actually exists. If he doesn’t, you can always have one with the bartender.

The Hotel Manchester Renaissance might be everything that Manchester is and more. But even with all the creature comforts that the Hotel Manchester Renaissance offers, there’s no better way to experience Manchester than to actually explore Manchester. So, grab an umbrella or a good raincoat and go watch a football game!

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