Located in the South West of England, Bristol boasts an incredible amount of potential. With a robust housing market and strong economic activity, the city’s hotspot status comes as no surprise. A Financial Times article published in September 2016 noted, “[Bristol is] a city that’s seen rising business investment, a thriving tech economy and growing demand for housing.”
In light of our recently launched loan note, we decided to showcase some of Bristol’s most impressive statistics. In these 11 graphs, we try to pinpoint why we believe Bristol to be such a property investment hotspot.
(Zoopla UK and Zoopla Bristol - Data taken on 8.5.2024)
Data taken from Zoopla on the 8.5.2024 highlighted that current property values in Bristol are £9,880 higher than the national average.
(Zoopla UK and Zoopla Bristol - Data taken on 8.5.2024)
In the past 20 years, house prices in Bristol have consistently outperformed national averages. In the last 5 years, house prices in Bristol have outgrown UK averages by 7.39%.
(Zoopla UK and Zoopla Bristol - Data taken on 8.5.2024)
In more recent months, when average UK house prices have fallen slightly by 0.27%, Bristol has maintained its market strength, demonstrating a positive value change of 0.66%.
(Regional Quarterly Indices, Post ’73 - Nationwide)
House prices in the South West have consistently remained well above the country’s average. Even during the recession, house prices never fell to UK averages. In fact, house prices in the South West did not fall as dramatically as UK averages. Between Q1 2008 and Q1 2009, house prices across the UK dropped 1.62% more than house prices in the South West. Though the difference may seem marginal, it supports the notion that the market has characteristically outperformed national averages, even during times of economic downturn.
(Savills’ Spotlight: Bristol Cross Sector)
During post-recession recovery, Bristol’s economic growth outgrew Birmingham’s by 2.9% and Manchester’s by 4%.
(The Guardian - 2015 Cities Outlook Report)
Between 2004-2013, Bristol was home to the highest number of new businesses outside the capital. The city topped the table by some margin, seeing 1,075 more businesses than Edinburgh, which came in second.
Sky News - Centre for Economics and Business Research)
A study published in October 2016 found that properties in Bristol were sold in the shortest space of time compared to any other UK city. At an average of just 51 days, Bristol’s top of the league market activity is a testament to the city’s demand. This is impressively lower than the fastest ever recorded national average time to sell a property. In May 2016, according to Rightmove, it only took 57 days on average to sell a house in the UK. Not only does this data support the fact that Bristol’s housing market has consistently outperformed UK averages, but it also highlights that Bristol’s housing market has outperformed UK peaks.
(LendInvest Buy-to-Let Index - Data taken on 8.5.2024)
LendInvest’s buy-to-let index highlights that Bristol’s average rental price growth is currently the strongest in the South West region.
(LendInvest Buy-to-Let Index - Data taken on 8.5.2024)
LendInvest’s buy-to-let index also highlights the fact that Bristol’s average rental yield is the currently the strongest in the South West region.
(LendInvest Buy-to-Let Index - Data taken on 8.5.2024)
Not only can Bristol offer property investors a strong rental market, but the city can also offer significant capital gains. Although this is the only graph which shows Bristol to come in at second place, the difference between average capital gains between Bath and Bristol is just 0.3%.
(Savills’ Spotlight: Bristol Cross Sector)
Although forecasts are not a reliable indicator of future performance, they can help provide some indication of the market’s potential. As shown in the graph above, house prices in the South West are set to outgrow London by 4.6% and national averages by 2.4%.
The graphs above highlight the extent of Bristol’s strength; topping league tables across multiple sectors. We believe the city boasts an incredible amount of potential, a thriving economy and a robust housing market, making it a strong property investment hotspot.
Past performance and forecasts are not a reliable indicator of future results.
Written by Jenna Kamal
Disclaimer and Legals
Property Moose does not provide any advice in relation to investments and you must rely on your own due diligence before investing. Please remember that property prices can go down as well as up and that all figures, rates and yields are projections only and should not be relied on. If in doubt, please seek the advice of a financial adviser. Your capital is at risk if you invest. This post has been approved as a financial promotion by Resolution Compliance Limited.
Property Moose is a trading name of Crowd Fin Limited which is an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (no: 574048).
Never moose a beat. Our best articles delivered straight to your inbox. Subscribe today:
