Manchester
Property Hub
Previous events
Key points raised from the Autumn Series included;
Topic 1 - Believe it or not… There have been 17 housing ministers in the last 21 years. I’m sure you were just as shocked as we were to hear that yet another housing minister has been appointed, as Kit Malthouse replaced Dominic Raab earlier this month. With the housing market already in crisis, what will this additional disruption bring?
- Has Kit Malthouse done enough to put the housing crisis firmly back on the Government’s agenda?
- Is Brexit getting in the way of the Government solving the housing crisis?
- Should housing be removed from Government control?
- Manchester investment is booming with 34% increase on capital investment. However a real lack of confidence in the housing minister but they are glad to hear that they have committed to a 3 year minimum term. So should stop the uncertainty in policy.
Topic 2 - Manchester is on the radar of overseas property investors. How do you think this will impact the market?;
- Foreign investments is key to the local city center market and investors are flocking to the city as the pound is weak, they are buying full tower blocks not just 1 or 2 units this is pricing the rents out for most workers, the under occupancy is not an issue as they can afford to take a hit on this as the price per unit is -15% on the previous BREXIT fee’s.
- Homes/flats at affordable prices are needed in the city center – overpriced and pushing 1st/2nd time buyers out. Also the towers are being built with no infrastructure to support the increase in build - shops, schools or doctors surgeries are needed to encourage family/2nd home lifestyle and sustain the city center market and this is not part of the planning section 106 agreement – so local mayor has stepped in to rethink the planning/construction.
These events are exclusive and limited to a certain number therefore if you would like to recommend a friend to attend please contact Hannah Dukes on:
0800 840 5571 hannah.dukes@tmgroup.co.uk
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