Housing crisis coming to end?

The number of empty homes in Blackpool are not as bad as 2012's figures suggest.
The number of empty homes in Blackpool are not as bad as 2012's figures suggest.
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Thousands of empty homes are now being sold after figures reached their highest level in five years.

Estate agents claim new figures, which revealed Blackpool had 3,932 empty homes in 2012, is much improved and they predicted this year’s numbers would be considerably lower.

Justin Allitt, managing director of Allitt Estate Agency, said: “There’s been a dramatic improvement in the housing market and property is being snapped up now.

“Anything under £100,000 is being sold and there’s fewer repossessions in the market. “The figures will be a lot better than last year.”

Mr Allitt says the high number of empty homes was due to a lack of confidence in the UK market, leading to a high rate of break-ins.

He added: “Confidence is returning to the UK and there’s been a lot of investment down south and in the north and Blackpool is second best in the country for rental yields.”

Kevin Allitt, managing director of Oystons Estate Agents, also predicted a similar future for the market.

He added: “The biggest problem is there’s so many people in rented accommodation wanting to buy properties, but because of the failure of the banks and building societies to lend without requiring extremely high deposits, there’s been an extremely slow housing market for a number of years.

“But lending is easing and property is starting to pick up.”

The figures, provided by emptyhomes.com, showed Fylde had 1,784 empty homes and Wyre had 1,925 in 2012.

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