Residential property: Hot spots and brownfield sites

Preston, whilst slightly behind in completions, is catching up quickly with improvements in infrastructure particularly to the north with unprecedented levels of new build. South Ribble and Pendle continue to be popular destinations and I expect this to continue over the next few years.

Activity in Blackburn in the future is likely to be centred on the north side of the borough where Wainhomes will shortly commence their scheme and Persimmon seek to capitalise on their successful build-out at Wilpshire.

They do, however, present an opportunity to solve the affordable question that is challenging the market.