Press Room
Tangerines Give Green Light To Blackpools Property Market
The Seasiders’ promotion to the top-flight will not only boost Blackpool’s economy but also local house prices, says Email4Property.co.uk, the UK’s largest online network of estate agents.
Like many towns in the UK, Blackpool’s property prices have witnessed a sharp fall in the last few years. According to the Halifax House Price Index, the average house price in Blackpool is currently £127,593, down on the 2008 average of £153,623. But Blackpool’s new Premier League status is set to attract growing numbers of tourists to the town, profiting businesses, creating jobs and encouraging local investment. As a result, homebuyers will be increasingly attracted to the town while landlords will be quick to take advantage of any further strengthening of the local rental market.
Steve Lees, Head of Marketing at Email4Property.co.uk, comments:
“Blackpool’s promotion will help in reaffirming the town as a popular UK destination while ongoing schemes to revitalise the town centre and seafront will also help in attracting interest in the property market. I would expect to see an increase in the number of second homes and rental properties in Blackpool as increasing numbers of holidaymakers look to popular British seaside resorts as a foreign alternative.”
Ashley Dribben, Sales Manager at Metcalf’s Estate Agents, adds:
“Blackpool’s promotion will help put the town back on the map after a tough couple of years. The new sea wall and Talbot Gateway development have already made significant improvements and I would expect the compulsory purchase order for the new East Stand at Bloomsbury Road to do the same. If Blackpool enters a relaunched bid for the super casino, this, coupled with Blackpool’s promotion, will cause property prices to sky-rocket.”
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Article date: 5/26/2010 12:00:00 AM