Blackpool Property Market Overview
Blackpool is the perfect location to invest in both residential and commercial property. It is an unsaturated, improving market filled with opportunities for investment and strong returns. The town has a population of circa 140,000 and the demand for rental property is very high.
There are hundreds of millions of pounds in investment presently being made in Blackpool, with regeneration schemes throughout the town breathing new life into areas through the creation of leisure sites, hotels and restaurants. Large hotel chains such as Premier Inn and Hilton are building brand new, state-of-the-art hotels on the sea-fronted promenade. Hilton has invested £30 million in its new 130-bedroom hotel, which is set to transform the street scene on the south shore coastline.
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Due to the increase in demand for residential property, large housing developers such as Persimmon, Kensingtons and Melrose are investing in the development of affordable residential property. With property prices increasing across the North West, Blackpool is increasingly seen as an affordable and attractive area for workers and young professionals from cities such as Manchester and Liverpool and the surrounding areas to reside.