Urban regeneration and its role on market sustainability: A case study of Manchester

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The role of planning policies in the property market, particularly in regeneration, has been recognised as to shape, regulate and stimulate the market (Adams et al, 2010 & 2015; Jones, 2014). These scholars pointed out the lack of market indicators to evaluate the outcomes of planning and regeneration policies, which shows that the need for regeneration policies to engage with property market still remains neglected and there was little discussion on whether urban regeneration policies encouraged sustainable property markets as important economic institutions. This paper intends to explore the impact of regeneration policies on the evolution of property market toward a more sustainable level against the conceptual framework with three evaluation indicators identified in this research including market maturity, competitiveness and resilience by looking at how Manchester has been transformed through its regeneration schemes over the past few decades with the effort of all stakeholders and particularly the Manchester City Council by interviewing the council’s leaders and planning officers. Moreover, this paper looks at the feedback and opinions from the developers and planning consultants and the others who have experiences in working with the Manchester City Council for their development proposals to find out what made this city commercially successful and whether it really has profoundly regenerated the city through numerous property developments.
Book of proceedings: Annual AESOP Congress, Spaces of Dialog for Places of Dignity, Lisbon, 11-14th July, 2017
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