HOME   ARCHIVE   GALLERY   SHOP   ABOUT US      
 

 
SALFORD MOST AFFORDABLE HOUSING CITY IN THE UK
 

Star date: 31st March 2012

SALFORD'S 32% HOUSE PRICE COLLAPSE

Salford has been named as the most affordable city in the UK, according to new data released by Lloyds TSB.

Average house prices in the city are £102,391, reflecting a 32% fall since 2008, compared to an 18% average fall in the rest of the country. Meanwhile, new figures from Salford Council show that the lowest prices in the city are to be found in Charlestown, where houses can be picked up for under £50,000.

Full story here…


An Affordable Cities Review released today by Lloyds TSB names Salford as the most affordable city in the UK.

According to the review, the average property price in Salford is £102,391, standing at 3.81 times average earnings in the city. This compares to a UK average house price of £173,202.

Truro is the least affordable city in the UK, with property prices averaging £250,489, ten times average earnings. Salford, the review notes, has experienced a 32% fall in house prices since 2008, compared to a UK average 18% fall.

The collapse, unsurprisingly, is put down to hard to acquire mortgages, hard to raise deposits and the gloomy economic scenario. Suren Thiru, housing economist at Lloyds TSB, also notes "a distinct North-South divide to the locations of the most affordable UK cities".

However, a glimpse behind Salford's average house price also shows a massive divide within the city, with areas like Salford Quays and Worsley way above the UK average.

A new Affordable Housing Assessment published last month by Salford City Council, shows the average Salford house price at £107,241, based on 2010 figures, but clearly shows the split in the city in terms of wealth.

Worsley came out top of the league for expensive houses, with an average price of £209,140, followed by Salford Quays (£178,528) and South Swinton (£172,732). The cheapest house prices in Salford were to be found in Charlestown at £48,085, followed by Brindle Heath (£60,542), Lower Kersal (£61,529) and Langworthy (£62,972).

The high prices at the Quays and Worsley, hopelessly skewed the average, with thirteen areas of the city above the average £107,241 price and twenty areas below it.

According to the Lloyds TSB review, the average price of a Salford house has now fallen even lower to £102,391. The economist at Lloyds presents the information as good news, as "an improvement in affordability". But it doesn't really make any difference if everyone's skint anyway, with few jobs around and the cost of living rocketing…

See also Salford Star article - Salford's Economic Gloom - click here

Ian OBrien wrote
at 12:08:29 PM on Wednesday, April 4, 2012
Hi 'Wrote'. Please accept my apologies for not responding sooner. Like most people I have spent most of the week being rippoed off by Government, both local and central, both left and right. Otherwise I would have come back to you sooner. Regarding your question: " So what would you rather see at Chimney Pot Park Ian? The houses to still be empty or maybe have it turn in to a shanty town like something out of the Wire?" I can only suggest you scroll down and read my comment again. I would also suggest you stop watching The Wire and TV in general, and get out more. If your grasp of day to day life is based upon fictional American TV shows, you are not going to bring anything to the debate. Anyway, read my comment again and then go and read this: http://www.salfordstar.com/article.asp?id=1339 That way I will not have to bother going over it all again because you clearly didn't follow it in the first place. Bye for now.
 
wrote
at 1:55:48 AM on Sunday, April 1, 2012
Why does everyone have this need to attack folk who live in Chimney Pot Park? I know that people are mad that the council failed in there promise to give the homes back to the locals. But at the same time attacking folk because they live in a certain area is madness. The folk their pay council tax, get salford taxis drivers to take them to Deansgate and get there Sunday Times from the local newsagent. So what would you rather see at Chimney Pot Park Ian? The houses to still be empty or maybe have it turn in to a shanty town like something out of the Wire?
 
don draper wrote
at 1:55:41 AM on Sunday, April 1, 2012
These prices are way too high and should fall further to come back into line with the affordability of the mainly low waged population. The other thing is i am assuming these figures apply to Cities omly as Burnley offers houses at 20 K
 
caroline wrote
at 1:54:17 AM on Sunday, April 1, 2012
For once i agree with u .i repect honesty about you life.etc.
 
Ian OBrien wrote
at 4:02:05 AM on Saturday, March 31, 2012
With homes so affordable we will no doubt see a continued influx of treasure hunters from the south, buying properties as investments and hoping one day to make the leap to Manchester proper. In the meantime, like those who already live in upside down houses in Chimney Pot park, they will add nothing economically. They will not hand their coppers over local counters, no. Instead they will continue to help prop up those same giants, Tesco and Wal Mart, who do such damage in all areas of modern life - from food production to workers rights - the same corporations these pseudo intellectuals probably deride at dinner parties. They will not buy locally because they will not leave the house after dark. A gated community is a prison when you live in fear of the outside world. I can only smile at the thought. I wonder what it is like to invest all your money to live in a neighbourhood where you are too afraid to leave the house after tea time? I, personally, have lived in black American ghettos and slept in Paris doorways. I have taken the air at midnight on streets controlled variously by Crips and Bloods toting Tech 9 machine pistols. I have never felt unsafe. The poor do not hide away from life like these interlopers. There is no need. We have nothing to hide from and nothing to fear, except the avarice of the rich. Let them come, I say. Let them come and then at least I can laugh when their silly, cowboy built cookie cutters are falling down around their ears, when their upside down houses are, literally, upside down. I will be laughing when the dealers are back on the corner and when they can't even sell up and break even because ten year old hoodies on BMX bikes aren't a good selling point. Come on in....the water is fine motherfu....rs!!! :)
 
Please enter your comment below:
 
 
 
Salford Star Hoodies
Salford Star contact
Deli Lama
advertisement
 
Contact us
phone: 07957 982960
Facebook       Twitter
 
 
Recent comments
article: SALFORD CITY MAYOR MISLEADING STATEMENTS ON DEVELOPER CASH
Give us a breakdown on what fees have been paid in the last 3 years. And from which development. Also a breakdown on how many affo... [more]
article: DISABLED PEOPLE AGAINST THE CUTS STAGE SCRAP UNIVERSAL CREDIT PROTEST IN MANCHESTER
Esther Mcvey has said on more than one occasion that she will not change Universal credit. Seem she is scared of Iian Duncan-Smit... [more]
article: IS IRLAMS O’ TH’ HEIGHT THE HARDEST PLACE TO SPELL IN BRITAIN?
I have to agree with you that IRLAMS O’ TH’ HEIGHT probably is the hardest name place to spell correctly in Britain. I am here, vi... [more]
article: SALFORD COUNCIL BANNER DECLARES ‘TRANSPARENCY’ DESPITE EVERYTHING BEING SECRET
It has to be stopped. Agree with Mary Ferrer.... [more]
article: OVER 1500 SALFORD PEOPLE SIGN PETITION AGAINST BUILDING IN BUILE HILL PARK
When the foundation put their plan forward they should have made it clear they didn't have the money to renovate the Mansion.Or di... [more]
 
 
 
 
 
Days
Hours
Minutes
Seconds
 
 
 

Donate

Help the Salford Star...

all donations welcome

 
 

More articles...

SALFORD CITY MAYOR MISLEADING STATEMENTS ON DEVELOPER CASH

Star date: 19th April 2018

AS £5.5MILLION AVOIDED BY DEVELOPERS SALFORD MAYOR SAYS IT'S A 'MYTH'!

In the latest issue of Salford Council's propaganda mag, Life in Salford, Salford City Mayor, Paul Dennett, has denounced the "myth" that "developers don't contribute money to the city. It's simply not true" he says.

Yes, they do contribute some money but they also avoid millions of pounds in payments and provision of affordable housing. Indeed, Salford Star analysis shows that developers avoided almost £5.5million in payments last year, as the Mayor only tells half the truth.

Full details here...

DISABLED PEOPLE AGAINST THE CUTS STAGE SCRAP UNIVERSAL CREDIT PROTEST IN MANCHESTER

Star date: 18th April 2018

STOP AND SCRAP UNIVERSAL CREDIT WITH NO EVICTIONS STATE GROUPS

Today, in St Peter's Square Manchester, around half a dozen campaign groups took part in a Disabled People Against the Cuts national day of action calling for Universal Credit to be stopped and scrapped.

Chalk slogans covered the square, speeches were made condemning the affect of the discredited benefit and a giant letter was handed into Manchester City Council calling for 'No evictions' as a result of Universal Credit payment delays.

Full details here...

SALFORD NURSERY CAMPAIGNERS TAKE FIGHT TO PARLIAMENT

Star date: 18th April 2018

FIGHT FOR THE FIVE CAMPAIGNERS HEAD TO WESTMINSTER

A coach load of Save Our Nursery campaigners will be heading to Parliament next Wednesday 25th April for a meeting with MPs in the Palace of Westminster and to urge the Government to be flexible over its new funding formula.

It is also hoped that Labour Party Leader, Jeremy Corbyn, will pressure Theresa May to respond at Prime Minister's Question Time on the same day.

Full details here...

HUGE PAY RISES FOR SALFORD CITY COUNCIL OFFICERS

Star date: 17th April 2018

ASSISTANT DIRECTORS TO GET HUGE PAY RISES

Cash-strapped Salford City Council is to give huge pay rises to senior officers after a 'job evaluation exercise' moved them well up the pay scale. It follows the resignation of the Director of Finance and Corporate Business, and spreading the majority of his salary amongst other re-titled roles.

The Salford Star believes the officers are in line to share around £54,000 between them.

Full details here...

HOMELESS KITCHEN AND PROTEST IN MANCHESTER WHILE SALFORD AIMS TO GIVE HOMELESS A VOTE

Star date: 16th April 2018

HOMELESS IN SALFORD CAN STILL REGISTER TO VOTE AS PROTEST HITS MANCHESTER

Today the Salford Unemployed and Community Resource Centre is urging homeless people to get in touch in order to register to vote as it's the last day to do so tomorrow.

Meanwhile, yesterday a food kitchen and sound system happened in Piccadilly Gardens as a party protest against homelessness... "I have spoken to Andy Burnham and I don't think he is going to accomplish his mission to stop homelessness by 2020" said organiser Emma Mohareb.

Full details here...

 



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