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But the drop does not reverse the longer-term trend, which has seen property prices in the area remain level.

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The average Blackpool house price in July was £106,222, Land Registry figures show – a 1.1% decrease on June.

House prices in Blackpool and Fylde fell during the month of July but went up in Wyre

Over the month, the picture was worse than that across the North West, where prices increased 1%, and Blackpool underperformed compared to the 0.5% rise for the UK as a whole.

Over the last year, the average sale price of property in Blackpool rose by £5 – putting the area 36th among the North West’s 39 local authorities for annual growth.

The best annual growth in the region was in Burnley, where properties increased on average by 8.4%, to £91,000. At the other end of the scale, properties in Eden dropped 4.1% in value, giving an average price of £197,000.

Winners and Losers

Owners of terraced houses fared worst in Blackpool in July – they dropped 1.4% in price, to £89,507 on average. Over the last year, prices dropped by 0.3%.

Among other types of property:

Detached: down 1.1% monthly; down 0.5% annually; £175,387 average

Semi-detached: down 0.9% monthly; up 0.6% annually; £121,501 average

Flats: down 0.9% monthly; down 1.3% annually; £67,259 average

First steps on the property ladder

First-time buyers in Blackpool spent an average of £94,607 on their property – £39 more than a year ago, and £6,899 more than in July 2015.

By comparison, former owner-occupiers paid £114,389 on average in July – 20.9% more than first-time buyers.

How do property prices in Blackpool compare?

Buyers paid 38.2% less than the average price in the North West (£172,000) in July for a property in Blackpool. Across the North West, property prices are low compared to those across the UK, where the average cost £238,000.

The most expensive properties in the North West were in Trafford – £303,000 on average, and 2.8 times as much as in Blackpool. Trafford properties cost 3.3 times as much as homes in Burnley (£91,000 average), at the other end of the scale.

The highest property prices across the UK were in Kensington and Chelsea, where the average July sale price of £1.2 million could buy 14 properties in Burnley (average £91,000).

What about Fylde and Wyre?

The average Fylde house price in July was £199,245, Land Registry figures show – a 0.8% decrease on June. But year-on-year, prices are still up 3.3%.

In Wyre, the cost of the average house went up to £152,563 in July. That was 1.2% higher than in June and a rise of 0.6% compared to a year ago.

Factfile

Average property price in July

* Blackpool: £106,222

* Fylde: £199,245

* Wyre: £152,563

* The North West: £171,956

* UK: £237,963

Annual growth to July

* Blackpool: 0.0%

* Fylde: 3.3%

* Wyre: 0.6%

* The North West: +3.5%

* UK: +2.3%

Best and worst annual growth in the North West

* Burnley: +8.4%

* Eden: -4.1%

What has happened to house prices in Blackpool during the coronavirus pandemic?