Stamp duty changes trigger fall in house prices
Property prices took a hit in March, falling by 0.5% (£1,575 in real terms) on top of a 0.2% drop in February, according to Halifax, the UK’s biggest mortgage lender.
The fall in prices is being linked to reduced buyer demand in the run-up to reductions to stamp duty nil rate bands that came into force on 1 April. But Halifax says many buyers did beat the deadline, with more sales completed in March than in January and February combined. It also recorded its busiest ever day of transactions during the month.
Year-on-year house prices were up by 2.8% in March, taking the value of the average home to £269,699, according to Halifax.
For more details go to: House prices – Forbes Advisor UK
New-build homes in Radcliffe
New homes play an important part in regenerating an area and improving quality of life for residents.
Across Radcliffe there are a collection of new housing schemes, either already under construction, about to start, or in the planning. As well as providing much-needed new homes, these developments are transforming brownfield sites that were previously built on but were no longer in use.
Find out about the key schemes that are coming forward to provide that all-important new housing for local people using the link below.
For more details go to: New-build homes in Radcliffe - Bury Council
First-time buyers up by a fifth
The number of first-time buyers rose by almost a fifth last year, according to data from Halifax.
The bank said 2024 saw 341,068 people buy their first properties, up by 19% from 2023.
While the figures are a rebound from 2023's 22% drop, they are not as high as they were in 2022. That year saw 367,870 first-time buyers recorded.
Halifax said that on average, first-time buyers are 33 years old - two years older than they were a decade ago - and that the average deposit paid was £61,090 for a home typically valued at £311,034.
For more details go to: First-time buyers up by a fifth - and older than they were 10 years ago, Halifax says | Money News | Sky News
Social Housing waiting lists to soar
It would take 21 years to clear England's current social housing backlog unless Labour ramp up affordable housebuilding, analysts warn.
England’s social housing waiting list could reach two million within the next 10 years, which campaigners claim would have a “devastating” impact on the poorest.
More than 1.3 million households are currently on a local authority housing register waiting for a social home, government figures showed in December.
For more details go to: Social housing waiting lists could hit two million people in 10 years
Loss of social housing
More people than ever are struggling to afford a secure place to live. Yet not enough social homes are being built. Social housebuilding in England is at its lowest rate in decades.
- In the 1960s, 1.24 million social homes were built compared to 150,000 in the 2010s.
- In 1969, we built more social rent homes than we have built in the last 13 years combined.
For more details go to: Loss of social housing - Shelter England
England’s homeless children
A crisis in temporary accommodation in England is leaving record high numbers of children without a permanent home. Many of these children are living in appalling conditions, with significant impacts to their health and education, says the cross-party Housing, Communities and Local Government (HCLG) Committee in a report published on 3rd April.
For more details go to: England’s Homeless Children – Government must tackle crisis in temporary accommodation, say MPs - Committees - UK Parliament
Renters Rights Bill
On March 28, 2025, Housing Minister Tracy Adams provided clarity on the implementation schedule for the Renters Rights Bill. "The full implementation of the bill remains scheduled for October 2025. This timeline strikes the right balance between urgency and practical implementation, allowing all stakeholders adequate time to adapt to the new framework."
The Minister emphasized that the government is committed to transforming the private rental sector while ensuring a smooth transition. This confirmation provides certainty for landlords, tenants, and local authorities planning for the changes ahead.
To view a guide to the Renter’s Rights Bill go to: Guide to the Renters’ Rights Bill - GOV.UK
Devolution Plans – The introduction of new Strategic Authorities and Reorganisation
On 16 December 2024, Government published the English Devolution White Paper introducing ambitious new government reorganisation plans to shift power from Westminster to Local Authorities by giving Councils the choice to replace their existing two-tier local authority with unitary authorities and to deepen devolution including through the introduction of a new Strategic Authority.
For more details go to: English Devolution White Paper - GOV.UK
The Planning and Infrastructure Bill
The Planning and Infrastructure Bill is a key part of the Government’s commitment to rebuild Britain, kickstart economic growth and raise living standards.
The Bill will support delivery of the government’s hugely ambitious Plan for Change milestones of building 1.5 million homes in England and fast-tracking 150 planning decisions on major economic infrastructure projects by the end of this Parliament by speeding up and streamlining planning processes to accelerate the delivery of high-quality infrastructure and housing.
The Bill will also support delivery of the government’s Clean Power 2030 target by ensuring that key clean energy infrastructure is built as quickly as possible.
For more details go to: The Planning and Infrastructure Bill - GOV.UK
Housing prices rose by 4.7% in 2024
UK house prices ended 2024 some 4.7% higher than at the start of the year, according to the Nationwide. The average home in the UK cost £269,246, at the end of December. Despite the latest rise, the average cost remains below the peak seen in the summer of 2022.
For more details go to: UK house prices rose by 4.7% in 2024, says Nationwide - BBC News
Monthly rent soars by £270 since pandemic
Renting a newly let property is on average £270 per month more expensive that at the end of the coronavirus pandemic, according to figures from Zoopla. Rent began to soar in 2021 because of high demand from tenants after lockdowns were lifted and limited numbers of available properties.
Average earnings in the past three years have not kept pace with the steep rise in rents. However, the rate at which rents are rising is now the slowest for three years, as potential tenants face limits on what they can afford.
For more details go to: UK rent soars by average £3,240 since Covid, says Zoopla - BBC News
£1bn funding boost for councils to tackle homelessness
Councils will receive a cash injection of nearly £1bn in 2025 to tackle homelessness as 160,000 children spent Christmas without a regular home. The funding will help councils intervene early to stop households becoming homeless, including through mediation with landlords to prevent eviction. MHCLG said the money can also be used on services that prioritise access to permanent social housing for people with a history of repeat homelessness and drug and alcohol abuse.
Great Manchester’s trailblazing work to prevent and end homelessness will be given a £47m boost.
For more details go to: Largest ever cash boost to turn the tide on homelessness - GOV.UK
Boost to bed spaces in a Bed Every Night accommodation
Greater Manchester is setting out a new package of support for people sleeping rough this winter as new figures show sustained pressure on local services. GMCA is announcing £500,000 for councils across the city-region, which is match funded by a further £500,000 from the Government. The money will be spread across all 10 boroughs to support the vital work of local services helping people off the streets and into accommodation this winter. Councils will be able to direct the funding to frontline priorities, including emergency shelters during severe weather, and to support pathways into A Bed Every Night accommodation.
For more details go to: New funding for local authorities and boost to bed spaces as Greater Manchester faces up to winter homelessness challenges - Greater Manchester Combined Authority
Planning overhaul to reach 1.5 million new homes
Hard working families locked out of owning their own home for far too long will benefit from government’s landmark planning changes. Under the plans, councils will be told they must play their part to meet housing need by reaching a new ambitious combined target of 370,000 homes a year. In a major boost for communities across the country, the government is today turbocharging growth with new, mandatory targets for councils to ramp up housebuilding across the country. The planning overhaul is set to tackle the chronic housing crisis once and for all and will mean hard graft at work will be rewarded with security at home.
For more details go to: Planning overhaul to reach 1.5 million new homes - GOV.UK
New law to protect renters one step closer to becoming reality
Millions of renters are set to reap the rewards of greater security in their homes without fear of eviction, thanks to the return of the landmark Renters’ Rights Bill in Parliament on 14th January. New changes announced will go even further to strengthen the Bill, which is set to be the biggest shake up to the private rented sector for over 30 years, delivering stronger protections and rights to 11 million private renters across the country.
For more details go to : New law to protect renters one step closer to becoming a reality - GOV.UK
Consultation for new Decent Homes Standard announced
The Government has announced plans for a consultation on a new Decent Homes Standard. The consultation, which will launch as soon as possible, will look to ensure safe, secure housing is the standard people can expect in both social housing and private rented properties, the government says.
For more details go to: Consultation for new Decent Homes Standard announced - HQN (hqnetwork.co.uk)
Housing allocations – local connection exemption
The government has now written to councils to remind them they should prioritise veterans, care leavers and domestic abuse survivors for social housing.
In a joint release, the Ministry of Housing, Communities and Local Government (MHCLG) and Ministry of Defence said, “regulations will be brought forward in due course” and that the respective ministers will be hosting roundtables with the sector to explore the details of these changes.
MHCLG said: “While not mandatory, the vast majority of councils have a local connection or residency test in place to determine who can qualify for social housing. These changes will mean that where such requirements are in place, veterans are not unfairly penalised.
“Other groups who can have difficulty demonstrating a local connection – care leavers and domestic abuse victims – will also be exempt from the rule.
For more details go to: Inside Housing - News - Government plans to exempt veterans, young care leavers and victims of domestic abuse from local connection test
Greater Manchester launches Housing First Unit.
The Mayor of Greater Manchester Andy Burnham and the leaders of the city-region’s ten local authorities confirmed the launch of a new Housing First Unit to tackle the roots of the housing crisis by:
- Increasing housing supply – Ensuring that Greater Manchester builds the new homes that our city-region needs, including affordable homes and single-occupancy accommodation. With the right support, Greater Manchester is ready to deliver 75,000 new homes in the current parliament.
- Driving up housing standards – Protecting renters through the UK’s first Good Landlord Charter and acting against rogue landlords by empowering residents to request a Property Check followed up by enforcement action where necessary.
- Supporting Greater Manchester residents – With more devolved powers and funding, we can help prevent homelessness by transforming the way we support residents with education, skills, and health and wellbeing services.
Housing First is part of the GMCA’s pioneering approach to delivering public services and tackling the problems that are hampering wellbeing and economic growth. It is based on the philosophy that good health, good education, and good jobs cannot come without a good, permanent home.
For more details go to: Greater Manchester launches pioneering Housing First Unit as new data shows true cost of not tackling the housing crisis - Greater Manchester Combined Authority (greatermanchester-ca.gov.uk)
Mortgages at six times’ income for first-time buyers
Mortgage lenders' attempts to lure in first-time buyers have stepped up with the UK's biggest building society allowing some to borrow more. The Nationwide said that from September, new borrowers could request a mortgage up to six times their income with a 5% deposit. But it would only be available for those taking out a five or 10-year fixed-rate deal.
While the standard level of borrowing for first-time buyers is a loan of up to 4.5 times' income, the Nationwide has allowed some to borrow 5.5 times - a move followed by some other major providers.
Now, it will step that level up to six times - but only among first-time buyers with an individual income of at least £30,000 a year, or a couple earning at least £50,000 a year.
For more details go to: Nationwide to launch mortgages at six times' income for first-time buyers - BBC News
Right to buy reform
The government will consult on reform of the right to buy, and has given councils greater flexibility when using right to buy receipts, the deputy prime minister has announced.
Angela Rayner also confirmed that £450m of the local authority housing fund would be given to councils to build 2,000 new homes.
Labour pledged to build 1.5 million new homes over the course of the next parliament as part of its manifesto and has outlined changes to the national planning policy framework (NPPF) to ensure the government meets its target.
Ms Rayner announced a "council house revolution" which she said was "vital" to reaching its housing target and that a large amount of affordable housing are likely to be completed faster".
For more details go to: Right to buy reform on cards as Rayner unveils housing plans | Local Government Chronicle (LGC) (lgcplus.com)
Average House prices
The average house price in Bury is fourth highest in Greater Manchester. Trafford has the highest average with detached properties being 55% more expensive than Bury. Wigan is the cheapest authority to live in Greater Manchester.
|
Average house sale prices in Greater Manchester as of July 2024 |
||||
All properties |
Detached |
Semi Detached |
Terraced |
Flats / Maisonettes |
|
Greater Manchester |
£240,741 |
£405,580 |
£267,596 |
£194,913 |
£186,239 |
Bolton |
£197,306 |
£346,974 |
£210,645 |
£157,975 |
£121,768 |
Bury |
£239,677 |
£394,270 |
£261,313 |
£188,195 |
£130,653 |
Manchester |
£245,832 |
£436,445 |
£305,871 |
£234,284 |
£208,015 |
Oldham |
£196,452 |
£338,717 |
£220,897 |
£162,116 |
£133,465 |
Rochdale |
£199,910 |
£334,299 |
£211,563 |
£156,882 |
£106,256 |
Salford |
£237,778 |
£433,299 |
£268,583 |
£214,736 |
£186,488 |
Stockport |
£299,851 |
£506,211 |
£321,596 |
£231,736 |
£175,152 |
Tameside |
£210,658 |
£351,035 |
£231,394 |
£175,983 |
£133,871 |
Trafford |
£378,599 |
£695,972 |
£418,916 |
£321,937 |
£230,270 |
Wigan |
£190,999 |
£312,810 |
£193,837 |
£147,703 |
£100,955 |
New developments in Bury
The brownfield site at Seedfield, off Walmersley Road, will soon host 84 new homes for rent and ownership. The council has worked with developers Hive Homes to bring the plan to fruition, with £1 million of Brownfield Housing Fund Grant from the GMCA to remediate the land.
For more details go to: Derelict site cleared to make way for housing | Bury Council (mynewsdesk.com)
Social housing providers Bolton at Home are set to build a three-storey apartment block along with bungalows at the former Millwood School and its grounds on Fletcher Fold Road in Bury.
Bolton at Home plan an apartment building of 33 one-bed units with and six two-bed homes with a communal room at ground floor.
For more details go to: Apartments for former Bury school site would ‘free up family homes’ | Bury Times
Guidance on how Bury Council wants to see sites at Elton Reservoir and Walshaw developed is to be consulted on in October. To advise on what the Elton Reservoir and Walshaw masterplans should cover, the council has produced a draft Supplementary Planning Document which was agreed by the council’s cabinet. There will now be a six-week consultation period starting in mid-October.
For more details go to: Planning guidance for Places for Everyone sites | Bury Council (mynewsdesk.com)
6 Things we learned from the King’s Speech 2024
The top six housing measures in the 2024 King’s Speech.
Planning reform - Planning reform to make it faster and cheaper to build houses is seen as essential to achieve Sir Keir’s goal of economic growth and hit his hefty target of 1.5 million new homes by the end of the parliament.
A new Planning and Infrastructure Bill will “modernise planning committees” and boost capacity in local authorities, while rules around compulsory purchase of land will be reformed to ensure compensation is “fair but not excessive”.
In other words, compensation for landowners will be lowered – a measure that could make council and social housing developments more viable.
No Fault evictions banned at last – a new Renters’ Rights Bill will finally ban Section 21 ‘no-fault’ evictions and introduce “new, clear and expanded possession grounds” to allow landlords to reclaim property when necessary.
A private sector ombudsman and expanded Awaab’s Law – This will provide “quicker, cheaper resolution when there are disputes” between private landlords and tenants, and a “fair, impartial and binding resolution” while reducing the need to go to court.
A ban on new leasehold flats – Labour has big plans for leasehold reform. It will publish a draft Leasehold and Commonhold Reform Bill that will aim to provide homeowners with greater rights and powers over their homes. Including reinvigorating commonholds, tackling existing ground rents and enacting remaining Law Commission recommendations.
Devolution – Regions will be given more powers on strategic planning as well as transport and skills through an English Devolution Bill. Local leaders will be given new duties to produce ‘growth plans’ for their areas.
Duty of candour – this bill will place a legal duty of candour on public servants and authorities where their failure in the provision and delivery of public services becomes the subject of public investigation. It is aimed at improving transparency and reducing a culture of defensiveness in the public sector, which lead to the kind of cover ups in public sector organisations that took place during the Grenfell Inquiry, the Hillsborough stadium disaster and the infected blood inquiry.
For more details go to: Inside Housing - Insight - 6 things we learned from the King’s Speech 2024
Third of private renters struggling to afford rent
Over a third of private renters are finding it difficult to afford their rent, new research has revealed.
The TDS Charitable Foundation’s survey of 2,000 private renters in March found that 35% of renters were finding it difficult or very difficult to afford their rent, with the proportion increasing to 56% for those not in work due to long-term sickness or disability. For students, 45% were struggling to afford their rent and 43% of those were in receipt of benefits.
The overall figure has risen from 32% last year.
Whilst the research found that average rents had increased by 7% over the last year, this masked a wide disparity according to location. Average rents increased by 11% for those renting in small towns, whilst they fell by 0.3% for those tenants living in suburbs.
Most tenants are also struggling to afford household essentials, with 55% saying they have had to cut back on expenses, such as food, heating, and clothing. This increased to 72% amongst single parent renters and 62% for all rented households with children living in them.
For more details go to: Third of private renters struggling to afford rent, research - HQN (hqnetwork.co.uk)
Private rent and house prices
Average UK private rents increased by 8.7% in the 12 months to May.
Average rents increased to £1,301 (8.6%) in England, £736 (8.5%) in Wales and £957 (9.3%) in Scotland, in the 12 months to May 2024.
In England, rents inflation was highest in London (10.1%) and lowest in the north East (6.1%), in the 12 months to May 2024.
Average UK house prices increased by 1.1% in the 12 months to April 2024.
For more details go to: Private rent and house prices, UK - Office for National Statistics (ons.gov.uk)
Greater Manchester mayor plans 10,000 new council homes by 2028 and Right to Buy ‘suspension’
The mayor of Greater Manchester has announced that he plans to build 10,000 new council homes in the city by 2028 and will ask for powers from government to suspend Right to Buy sales on new council homes.
Andy Burnham, said: “Greater Manchester can’t achieve its full potential as long as it remains in the grip of a housing crisis. That is why I am setting a new ambition for the city-region to end it within a decade.
“Ten thousand new council homes will help to do that as long as stock can be retained. That’s why we’re calling for the suspension of Right to Buy. Everyone deserves to live in a good, safe home and by building new council homes, and suspending the Right to Buy on them, we can give our councils the breathing space they desperately need to replenish their stock, so that all of those waiting in temporary accommodation or on the housing registers have the chance to access good homes.”
For more details go to: Greater Manchester Combined Authority
£115m investment in affordable, green homes on brownfield sites across Greater Manchester
House building in Greater Manchester is set to be further boosted by the next phase of a £150m Brownfield Housing Fund, which is set to deliver more than 7,800 new homes across the city-region.
- £115m set to be invested in developing 92 brownfield sites across Greater Manchester
- Leaders asked to approve £71.8m in year two and up to £57.5m in year three, unlocking over 7,800 new homes across all ten metropolitan boroughs
- This is the second tranche of the £150m Brownfield Housing Fund, announced as part of the 2023 trailblazer devolution deal
- Over half of homes would be affordable and 79% of schemes are set to be built to Future Homes Standard
For more details go to: Greater Manchester Combined Authority
High mortgage rates pricing out buyers
High mortgage rates mean affordability is still “stretched” for many home buyers, according to the Nationwide.
The building society said that while earnings had been rising faster than house prices in recent years, this had not been enough to offset the impact of more expensive mortgages.
Nationwide have said that about three million households are set to see their mortgage payments rise in the next two years. These are homeowners who arranged mortgage deals before the Bank started to lift rates in 2021. These deals are now expiring, and the bank said the majority will finish before the end of 2026. For the typical household looking for a new deal, monthly mortgage repayments are forecast to increase by about £180, or about 28%.
For more details go to: High mortgage rates pricing out buyers, says Nationwide - BBC News
New homeless households outnumber new social homes by six to one
National Housing Federation analysis of the latest affordable housing figures and homelessness statistics has found that for every new social home built in England last year (2022/23), six households were accepted as homeless by their local council.
Government figures show that 52,800 households were accepted by their local council as homeless last year (2022/23) including 30,300 families with children – this equates to 145 households and 88 families every day. There was a net total of 9,561 additional social rent homes last year, including acquisitions, a figure that has fallen by a staggering 76% since 2010. Social rented homes are typically 50% of market rents and the only homes affordable to homeless families.
For more details go to: National Housing Federation - New homeless households outnumber new social homes by six to one.
Manchester mayor launches Good Landlord Charter consultation
The Mayor of Greater Manchester, Andy Burnham launched a consultation on the Greater Manchester Good Landlord Charter – the first of its kind in the UK which aims to bring landlords and renters together to improve the standards of homes in social housing and the private rented sector. The consultation closed on 26 February and responses are now being analysed.
The charter also aims to recognise and develop best practice, boost tenant confidence in the quality of good rental properties and provide a new voluntary standard for landlord excellence, no matter what kind of housing they let.
The Good Landlord Charter sets out a vision of better renting, which meets the following characteristics:
- Affordable – a tenant should understand how their rent and other charges are set and should not be ripped-off.
- Inclusive – a tenant should not have a worse renting experience because of who they are.
- Private and secure – a tenant should be reasonably free to enjoy their home and make it their own.
- Responsive – a landlord should respond satisfactorily to requests for repairs, correspondence and complaints.
- Safe and decent – a tenant should be able to live free from physical or psychological discomfort in their home.
- Supportive – a tenant should have essential information about renting their home and be helped to access extra support if they need it.
- Well managed – a landlord should be competent or use a competent managing agent.
For more information on the development of the Good Landlord Charter and to view supporting documents go to: Good Landlord Charter - Greater Manchester Combined Authority (greatermanchester-ca.gov.uk).
Renters Reform Bill
The implementation of the Renters Reform Bill is aimed at improving the rental system for both the 11 million private renters and the 2.3 million landlords in England.
Key changes are:
- Abolish Section 21 ‘no fault’ evictions: to transition towards a simplified tenancy structure where all assured tenancies become periodic.
- More comprehensive possession grounds: landlords will retain the ability to reclaim their property under valid circumstances, and the repossession processes will be streamlined in cases where tenants are at fault.
- Private rented sector Ombudsman: a new impartial and binding resolution platform to address any issues, designed to be quicker, more cost effective and less adversarial than the court system.
- Privately Rented Property Portal: landlords, tenants and councils will gain access to a user-friendly platform with various resources, including legal obligations, tenancy information and areas of potential enforcement.
- Protection against backdoor eviction: tenants can appeal excessive rent hikes, but landlords can still increase rents with review from an independent tribunal.
- Right to request a pet: landlords must consider and reasonably evaluate tenant requests to have pets in the property but can request pet insurances to cover potential damages.
- Extending decent homes standard to PRS: Introduction of minimum housing standards requiring privately rented homes to meet the decent home standard.
- Outlawing blanket ban on families and tenants on benefits: landlords and letting agents will be banned from discriminating against these groups and will not be able to specify “No DSS” in adverts.
- New enforcement duties and powers to Councils: Strengthen local council’s enforcement power and introduce a new requirement for councils to report on enforcement activity – to help target criminal landlords.
For more information on the Renters (reform) Bill go to: Guide to the Renters (Reform) Bill - GOV.UK (www.gov.uk).
Places for Everyone
Places for Everyone (PfE) is a long-term plan of nine Greater Manchester districts for jobs, new homes and sustainable growth.
The plan is a joint development plan of the nine districts which will determine the kind of development that takes place in their boroughs, maximising the use of brownfield land and urban spaces while protecting green belt land from the risk of unplanned development.
Bury site allocations, all sites to deliver 25% affordable housing:
- Heywood / Pilsworth – 200 homes at Castle Road.
- Simister / Bowlee – 1,350 homes.
- Elton reservoir – 3,500 homes total (60% affordable or social rented and 40% affordable home ownership).
- Seedfield – 140 homes.
- Walshaw – 1,250 homes (60% affordable or social rented and 40% affordable home ownership).
The Inspectors’ Report was received on 14 February 2024 and this marked the end of the examination into the Plan. The Inspectors conclude that, subject to the main modifications recommended, the Places for Everyone is considered to be sound and legally compliant.
All nine Councils have now considered the Inspectors’ recommendations and have adopted PfE with effect from 21 March 2024. This means that the Plan is now part of the statutory development plan for each of the nine PfE authorities and has full weight in the determination of planning applications.
For more information go to: Places for Everyone - Bury Council.
Delivering New Homes on Council Owned Brownfield Land
Bury Council is committed to achieving material housing outcomes through land disposal activity to ensure its land is used for the benefit of the borough. The Council has worked collaboratively with Homes England and the Greater Manchester Combined Authority to ensure development is supported, where necessary, by grant funding to address viability concerns prior to disposal.
Considerable progress has been made with the delivery of the Council’s Land Disposal Programme. The sites listed in the table below have the potential to deliver over 1,000 new homes (both market and affordable) and will offer a wide range of house types and tenures, including specialist accommodation for older people and those with additional support needs.
Housing Sites |
Number of Homes Planned |
---|---|
School Street, Radcliffe |
89 Homes |
East Lancashire Paper Mill, Radcliffe |
400 Homes |
Green Street, Radcliffe |
132 Homes |
Seedfield, Bury |
84 Homes |
William Kemp Heaton, Bury |
43 Homes |
Wheatfields, Whitefield |
30 Homes |
Willow Street, Bury |
13 Homes |
Fletcher Fold, Bury |
43 |
Whittaker Street, Radcliffe |
25 |
Pyramid Park, Bury |
148 |
The Elms, Whitefield |
24 |
Local Housing Allowance
Local Housing Allowance (LHA) is used to calculate the maximum amount people renting from a private landlord can claim in housing benefit or universal credit. LHA will increase on 1 April 2024 for the first time since 31 March 2020.
BURY AND BOLTON |
|||||
---|---|---|---|---|---|
|
1 bed shared |
1 bed |
2 bed |
3 bed |
4bed |
Previous rate |
£66.74 |
£90.90 |
£110.47 |
£136.93 |
£184.11 |
2024/25 |
£78.59 |
£109.32 |
£132.33 |
£161.10 |
£218.63 |
CENTRAL GREATER MANCHESTER |
|||||
---|---|---|---|---|---|
|
1 bed shared |
1 bed |
2 bed |
3 bed |
4bed |
Previous rate |
£75.50 |
£138.08 |
£149.59 |
£166.85 |
£218.63 |
2024/25 |
£94.72 |
£178.36 |
£201.37 |
£218.63 |
£310.68 |

House Prices and Mortgage Rates
The housing market in 2023 performed better than many predicted, with lower-than-expected falls in asking prices, and good levels of demand from home buyers for the right-priced homes. However, rising mortgage and interest rates have stretched the affordability of many people planning to move.
The housing market is continuing to return to more normal levels of activity following the frenetic post-pandemic period. It is predicted that average new seller prices will be 1% lower nationally by the end of 2024, as competition increases among new sellers to find a buyer.
The table below shows that Bury had the fourth highest average house prices in Greater Manchester during 2023:
|
Average house sale prices in Greater Manchester as of December 2023 |
||||
---|---|---|---|---|---|
All properties |
Detached |
Semi Detached |
Terraced |
Flats / Maisonettes |
|
Greater Manchester |
£231,754 |
£403,573 |
£260,732 |
£185,310 |
£174,114 |
Bolton |
£192,584 |
3469*42 |
£207,518 |
£152,274 |
£114,490 |
Bury |
£232,344 |
£393,920 |
£254,932 |
£180,013 |
£123,269 |
Manchester |
£242,523 |
£443,684 |
£305,658 |
£227,459 |
£303,759 |
Oldham |
£192,873 |
£343,457 |
£218,774 |
£157,240 |
£128,750 |
Rochdale |
£189,929 |
£327,427 |
£203,974 |
£145,910 |
£97,469 |
Salford |
£203,749 |
£378,377 |
£247,003 |
£180,652 |
£158,126 |
Stockport |
£301,781 |
£521,889 |
£326,017 |
£229,813 |
£171,163 |
Tameside |
£208,525 |
£359,524 |
£230,883 |
£172,096 |
£129,592 |
Trafford |
£366,427 |
£681,610 |
£410,403 |
£309,228 |
£218,431 |
Wigan |
£183,846 |
£311,485 |
£186,775 |
£138,977 |
£94,831 |
Average mortgage rates have fallen steadily since July 2023, providing home-movers with much more stability and certainty over the type and cost of mortgage offer they are likely to receive, compared with the more volatile mortgage market of a year ago. According to Rightmove, the average two-year fixed mortgage rate is currently 5.4%, while the average five-year fixed rate is 5.07%.
For more information on what will happen to house prices in 2024 go to: What will happen to house prices in 2024? | Property blog (rightmove.co.uk).
Bury housing leads see new Whitefield homes taking shape
The first new homes at one of Whitefield’s latest residential developments are starting to take shape, as Bury Council’s housing leads observed on a recent site visit.
Wheatfields, a development of 30 affordable homes on the former site of the Wheatfields Day Centre in Whitefield, is being built by Greater Manchester contractor John Southworth on behalf of leading North West housing association Onward Homes in partnership with Bury Council.
This month, Cllr Clare Cummins, Cabinet Member for Housing Services, was joined by Bury’s Unit Manager – Housing Strategy, Policy & Performance, Jackie Summerscales, to tour the construction site where John Southworth began work in June 2023.
Through the use of modern construction methods, including sustainable timber-frame systems, John Southworth and Onward are on track to deliver a show home at Wheatfields by summer 2024, with the entire development expected to complete in autumn 2024.
Onward received brownfield funding from Greater Manchester Combined Authority (GMCA) to help progress the development, which will predominantly be funded through Onward’s Strategic Partnership with Homes England. Onward plans to build 5,000 new homes by 2030, with 2,103 being delivered directly through the Partnership.
Working closely with Bury Council to address local housing need, Onward will ultimately market 14 of the new homes for shared ownership, while 16 will be made available at affordable rents capped at Local Housing Allowance rates. Once completed, Bury Council will manage the nominations and allocations process for all affordable rent homes at Wheatfields in perpetuity.
Councillor Clare Cummins, cabinet member for housing services at Bury Council, said:
“We are pleased to see another brownfield site in Bury being brought back into use for the local community, while improving the quality and choice of affordable housing in the area."
“Bury Council has worked extensively with Onward to ensure the right housing mix at Wheatfields, including more affordable ways for local people to get on the housing ladder."
“We will continue to work closely with local housing providers to ensure Bury’s existing residents are prioritised to benefit from any new residential development in the borough.”
The Council is currently managing the disposal of several other brownfield sites across the borough and anticipate the delivery of 366 new affordable homes over the next few years."
Sandy Livingstone, executive director of property at Onward said:
“Bury Council has been extremely supportive and collaborative in our work on Wheatfields, so it was immensely satisfying to demonstrate our progress on site. Partnership working with Bury Council and our contractor John Southworth will be crucial to ensure our local community continues to benefit from our work, throughout and far beyond the construction phase."
“While we continue to invest in new homes to meet a growing demand in Bury, we will also invest far more into our existing 1,200 homes in the area over the coming years. We aim to provide customers with homes that are affordable to rent or buy, and to live in.”
John Southworth is an award-winning domestic and commercial construction company, a family business with over thirty years’ experience delivering modern, innovative, high-quality homes across the North West.
Steven Brown, managing director of John Southworth said:
“We are delighted to be developing new homes in Bury and bringing life to thIS brownfield site, building homes that people will be proud to call home. We are committed to building and contributing to communities and delivering a social return on investment, bringing added values to areas.”
About Onward Homes
Onward Homes is one of the largest registered providers of social housing in the North West, owning and managing 35,000 homes across Merseyside, Cheshire, Lancashire & Greater Manchester. Onward has G1 (governance) and V2 (financial) ratings from the Regulator of Social Housing and has a credit rating of A1 (Stable) from Moodys.
Onward is a Strategic Partner of Homes England and plans to invest £600m to build 5,000 new homes by 2030.
Our experience and presence across the region enables us to actively engage with residents and we are passionate about making a real, positive impact on their quality of life. For more information about Onward, visit: Onward Homes.
Published Bury Housing Strategy will deliver a balanced and diverse housing supply
Following a period of extensive consultation earlier in the year, Bury Housing Strategy has now been finalised and published.
The new strategy sets out the scale of housing issues and challenges facing the borough. It also provides a clear direction of travel to deliver a balanced and diverse housing supply and an opportunity to create successful and inclusive neighbourhoods that everyone can be proud of.
Covering the key aspects of affordability, supply and quality of housing in the borough, the strategy will drive improvements to people's health and wellbeing and reduce gaps in healthy life expectancy.
Find out more on the Bury Housing Strategy.
Joint bid to improve the energy performance of social housing across Bury
Bury Council and Six Town Housing are working together to apply to the government's Social Housing Decarbonisation Fund. This is part of a joint bid made through Greater Manchester Combined Authority with other regional social housing providers.
If successful, the bid will benefit around 100 homes identified as in most need of improvement. It will also support Bury Housing Strategy commitments around energy efficiency and help towards our target to be carbon neutral by 2038.
Find out more about the bid for decarbonisation funding on the Six Town Housing website.
Brownfield first - our plan for new houses and regeneration
Plans have recently been unveiled to develop brownfield sites and bring much-needed homes and regeneration across Bury.
Our major projects team is co-ordinating a borough-wide brownfield housing delivery programme that prioritises previously developed land suitable for residential development. This allows us to match local housing needs with investment opportunities and accelerate the development of new local homes.
Nearly 100 acres of land has been identified which, subject to planning permission and viability, could accommodate thousands of new homes.
Read the full article about the Brownfield first - our plan for new houses and regeneration on My Newsdesk.
New affordable homes on a brownfield site in the heart of Whitefield
As part of our brownfield housing delivery programmed, thirty affordable homes will be built on the derelict spot of the former Wheatfields Day Care Centre in Victoria Avenue, Whitefield.
We have agreed to dispose of the brownfield site to Onward Homes who will build a mixture of houses for affordable rent, shared ownership family homes, and accessible bungalows specifically for older people and people with disabilities.
Read the full article about the new affordable homes on a brownfield site in the heart of Whitefield on My Newsdesk.
Family and affordable homes at the heart of Radcliffe Regeneration
Plans are being drawn up to build 89 new family homes on a brownfield site in Radcliffe as part of the town's regeneration.
Bury Council is set to approve the sale of land at School Street, formerly the site of a grammar school, to North West housebuilder Hive Homes. The development is proposed to be 89 family homes, with 22 of them affordable. It is expected that these homes will be a mix of affordable rent and shared ownership.
Read the full article about the family and affordable homes at the heart of Radcliffe regeneration on My Newsdesk.
Affordable housing for key Radcliffe gateway site
More new affordable homes are to be built in the heart of Radcliffe and helping to drive forward the regeneration of the town centre.
The proposal is to redevelop the site of the former leisure centre in Green Street to deliver 133 new homes, of which 75 percent will be affordable. The plans also include a standalone private rented block and a mixed-use commercial building for new offices and ground floor retail/food and beverage units.
Read the full article about the affordable housing for key Radcliffe gateway site on My Newsdesk.
Radcliffe Regeneration Office open for visitors
A new Radcliffe Regeneration Office has opened at 4 Dale Street where businesses and residents can find out about the exciting plans to transform the town centre.
Bury Council project officers are on hand to answer questions and talk through the wide-ranging plans which form part of the Radcliffe Strategic Regeneration Framework.
Read more on Radcliffe Regeneration.
Prioritising bringing empty properties back into use
As another sustainable approach to increasing affordable housing in the borough, we are also prioritising bringing empty properties back into use.
A new Empty Property Strategy is in development, and we have recently employed a dedicated Empty Homes Officer to help increase the supply of homes for occupation across the borough. Our new Empty Homes Officer will work with our Private Sector Enforcement Team who deal with complaints and take a pro-active approach to bringing empty properties back into use.
The review of our Empty Property Strategy will also allow us to better understand the empty property situation across the borough and what needs to be done to provide the right opportunities for owners to bring their properties back into use.
More information is available on our empty homes section.