The property crisis continues, with Manchester one of the cities that stands to be most severely affected (along with Liverpool, Leeds and Sheffield), in part due to over-supply. And it seems to me that many of the ‘luxury’ apartments in the city centre are anything but.
As marketeers, estate agents and other vested interests continue to talk up property in Britain’s city centres, the reality begins to emerge in newspaper articles.
I saw this sad ad in an estate agent’s window on Deansgate. In case you don’t know, the building that was The Hacienda nightclub was completely demolished in 2002. An apartment block was put up on the site and is now marketed as ‘The Hacienda’.
At 9.15pm tonight fireworks erupted from the top of Beetham Tower in Manchester. A topping out ceremony was taking place, marking the completion of the highest point. The Tower stands 171m (561ft) and 47 storeys tall, making it the highest residential development in Europe. Read more in my blog entry (includes a photo):