Home sales spring back

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THE Fylde housing market has recovered the spring in its step as local estate agents record a significant improvement in sales figures.

Paul Wignall, manager of the Lytham and St Annes branches of Entwistle Green, has seen a year-on-year increase in business of 50 per cent and said: “We have had a lot more proceedable applicants and buyers moving into the area and even the retirement market has increased.

“We currently have a 50 per cent sales increase since March 2010 and have sold over 30 properties since Christmas.”

It’s a picture shared by many other estate agents across the area. Ross Wallis, based in Kirkham and Freckleton, opened in October and said: “Things have certainly improved. We have sold three houses in the last fortnight, all of which are at the top end of the market pricewise. Since we opened, we have encountered a buoyant market and we are extremely happy with it.”

First time buyers are now seen to be buying into the area, despite previous worries over mortgage difficulties and Peter Mooney from Peter Mooney Estate Agents said: “We have noticed an increase in the first time buyers especially with some of them getting a little extra help from parents allowing them to obtain a mortgage where previously they would have been unable to do so.

“Traditionally, spring and summer is usually a better time of year for us and for many other agents as well”.

But Justin Allitt of Allitt’s, St Annes, believes the market is still on a downward spiral, “Generally across the Fylde Coast, prices continue to fall and we expect prices to fall even further with repossesions coming into the market next year,” he said.

“We don’t expect to see any improvements until 2013 when prices will then increase. I advise people who are thinking of selling up to be realistic and sell when the time is right.”