The latest draft of the Greater Manchester Spatial Framework is proposing that fewer new homes than planned will be built in Greater Manchester over the next 20 years.
Greater Manchester Mayor Andy Burnham ordered the previous draft framework to be scrapped back in 2017. The latest version, proposing a number of significant reforms, is out for public consultation until March.
The framework suggests that only 201,000 rather than 227,000 new homes will be built. Town and city centre sites will be favoured and half of the green belt sites previously earmarked for building will be preserved. There will also be a minimum of 25% affordable homes.
On launching the draft Burnham said: “The plan sets out to lay the foundations for radical reform across housing, growing our economy and creating jobs, the environment, and transport to ensure Greater Manchester continues to thrive.
“With the support of local people, we will be able to build a Greater Manchester that will allow everyone to grow up, get on and grow old.”
Greater Manchester, and particularly Manchester and Salford city centres, are development hotspots right now with thousands of new homes under construction or planned – including substantial numbers for the investor market. However, there has been criticism that developers are not building enough affordable houses – which the new framework appears to address.
Then again, developers are unlikely to be too disappointed with proposals which appear to reduce supply in a market which is currently experiencing buoyant demand – Manchester property prices rose around 7% over the last year compared to just 2.4% nationally.