What has happened to house prices in Bristol over the last 12 months?

According to statistics provided by Zoopla, there has been a rise in property prices of £27,196 in the past months for the BS7 postcode of Bristol. This represents a rise in price of 9.63% and this is very much in line with the rise in Bristol as a whole over the same period of time. The last 12 months has been a time of great demand with respect to property prices in Bristol with a number of factors influencing the demand and price of property in this part of the country.

When you break down the different types of property you will find that detached properties have risen by £39,051, a rise of more than 10%. Semi-detached properties have increased by £32,977 an increase of 11.10% while terraced properties have risen by £32,780 (11.29%). Flats in this area of Bristol have risen by £18,677 which represents an uplift of 9.33%.

Rising prices can be seen as negative for some people, especially those who are looking to upsize in their local area but a major reason for the increasing demand in Bristol is the level of value and return that is on offer for people, families and investors who are moving away from the London property market. In comparison with London property prices, there is a chance to buy two properties in Bristol for the price of one property of a similar style. This means that families can find something that is far more suitable for them within their budget and landlords can double their investment yield.  There is a strong supply of buyers looking at the Bristol market and while there has been a good supply of new property in the city, there is still a rising level of demand.

The Sunday Times listed Bristol as the best British city to live in for their 2014 and the city won the EU’S European Green Capital award in 2015. With these awards this means that there has been a lot of credible praise for Bristol in recent times. This praise catches the eye of potential investors and families looking for a more suitable place to live and bring up their family. In addition to the awards, Bristol became the first cycling city of England in 2008. The commute to and from London is simple, Bristol Airport provides access to other cities in the UK and beyond. The local road and rail infrastructure are what you would expect from a major UK city.