Average property prices in Blackpool are some of the lowest in the UK, but the seaside resort is currently one of the UK’s hottest property markets, online estate agents Housesimple.com has found looking at Land Registry data.
The number of houses sold in Blackpool increased by 17% between Q2 and Q1 2018, more than any other major town or city in the UK.
Sam Mitchell, chief executive of online estate agents Housesimple.com, said: “Land Registry figures show clearly that the north-south property divide has been turned on its head.
“Properties, particularly family homes, are still affordable in the north of England and with thriving local economies attracting workers to the region, stock is being snapped up in major cities such as Liverpool, Manchester and Leeds.”
Lancaster (16.6%) and Durham (15.4%) also saw the number of property sales grow more than 15% over the same period, the only major UK cities to see this level of growth.
Analysis of more than 60 UK major towns and cities revealed that completed sales across major towns in the North of England were up on average 3% in Q2 versus Q1 2018, while completed sales fell on average 4.3% over the same period in southern towns.
The North-South divide has well and truly been turned on its head after a decade of booming house price growth and sales in the south of England.
Some seven out of 10 towns registering the biggest growth in property sales in Q2 compared to Q1 2018 were in the North. Of the 10 towns that saw the biggest drop in sales over the same period while nine were in the South of England.