Published: 4th Oct 2019

House prices in Manchester have quadrupled in recent years, making the city increasingly unaffordable for young people, a new report has warned. The report by the Royal Society for the encouragement of Arts, Manufactures and Commerce (RSA) and housing provider, One Manchester, warns 13,000 people are currently on a waiting list for social housing in the city. A survey carried out for the report also found that almost half (48%) of young renters across Greater Manchester as a whole had to cut back on essentials to cover their housing costs, compared to 33 per cent across England. Meanwhile a quarter of young people in Greater Manchester live with parents for longer than they would like, compared to 20% in the rest of England. The report also warns about the rise of the ‘gig economy’ and the impact this is having on the housing market. Around 6% of those surveyed worked in … (To read the full article, subscribe below)