Parking charges in Manchester forcing some to move house
Manchester City Council charges homeowners twelve times the national average for parking permits.
Manchester the most expensive UK region outside London for parking charges, forcing many to think about selling up.
According to research by Quick Move Now, Manchester City Council (along with Birmingham), tops the list for parking costs, charging homeowners a massive £750 per year – twelve times the national average of £59.17.
The financial burden however is not the only effect. The study also revealed that the lack of available off-street parking slows down the sale process with the average home taking 50 days to sell, compared to 25 days for those homes with off-street parking.
Consequently, having a place to park is fast becoming the number one motivator for people choosing to sell their home, and 34% of vendors in the North West said that they would sell up and move home due to parking concerns.
The study shows that parking is in fact a bigger driving force for house hunters than levels of crime, the distance to work and neighbours, with many looking to move home within next 12 months.
Quick Move Now managing director, Danny Luke, said: “Our findings show that properties with off-street parking provision sell in half the time and are very attractive to prospective buyers.
“With no guarantee of being able to park outside, or even near their property, and a postcode lottery determining the cost of on-street parking permits, parking is a real issue for a large proportion of UK home owners.
“Being able to secure an on-street parking space near their property can make many homes completely inappropriate for families with young children or older home owners who are beginning to struggle with mobility. This becomes an even more significant problem when you consider the current UK property shortage.
“Manchester city council charge 12 times the UK average amount for a resident parking scheme and there is clear correlation between these schemes and what triggers home owners to decide to sell up.