More than 1,000 new homes are planned or are already under construction for Lancaster.
Housebuilding started at Luneside West on St George’s Quay in January. It will see 400 new homes being created in a new neighbourhood called Riverside View.
Plans have been approved for 71 new homes at Lancaster Leisure Park, in Wyresdale Road, as well as 18 one-bedroomed flats in Longmarsh Lane.
Work is also under way at the former Moor Hospital, which has planning consent for 440 new homes.
John Gallagher, of JD Gallagher Estate Agents, said: “A lot of people will be looking to sell their existing homes to buy a new build. This mini-housing boom generates a sort of ‘good feeling’ in the local housing market and makes for a much better economy in the city.
“It also means good things for other businesses as people start buying new carpets, light fittings etc and that can only be a good thing.
“Not everyone wants a new build however, so it doesn’t necessarily mean people will struggle to sell older homes. Some want a certain character, or a period home, and of course location is a factor.”
House builder Persimmon Homes has also applied for planning permission for 170 new homes at the Luneside East site in St George’s Quay as part of a new retail and residential development.
In total over 1,000 new properties are in the process of being built.
Riverside View, which is a joint project between Redrow Homes and Barratt Homes, is being built on the former Luneside West Industrial Estate, following the demolition of mill and factory buildings on the site.
Claire Jarvis, sales director for Redrow Homes (Lancashire), said: “We are aiming to launch our new Riverside View development in March and have planning consent for 189 new homes, including 170 private sale properties from our hugely popular Heritage Collection of traditionally styled family homes.
“We are looking forward to being in the city and have even designed a bespoke house type for this location, which will be called The Lancaster.
“A selection of these prestigious three-storey, four-bedroom townhouses will provide an attractive frontage for our development, overlooking the river.”
Barratt Manchester sales manager Graeme Gibb said: “Sales at the Riverside View development are already going extremely well. We plan to open four new show homes on the site later this month and already have a number of plots reserved on what will be a 214-home site for Barratt.
“The site will feature a full range of one, two three and four-bedroom homes and we are offering help to buy and part exchange deals.”
The property boom has also boosted the local economy, including the recent re-opening of Claughton Brickworks, near Lancaster, which supplies bricks to developers nationwide.