A guide to luxury property investing in Bristol, one of the UK’s premier cities

The city of Bristol in Somerset has one of the fastest growing economies in the UK and is widely regarded as one of the most desirable places in the country to live with a quality of life. So if you’re considering investing in the city’s booming real estate market, you may be well on your way to wealth creation and growth – because even amid the current surge in real estate prices, now is the perfect time to buy.

Many people now consider living in Bristol over other UK cities for a number of reasons, from its attractive cultural scene to its excellent connectivity, with Bristol Airport right on its doorstep. This, in turn, has seen property prices soar dramatically, particularly since the pandemic, and it’s a trend that industry experts say is only likely to continue in the months and months to come. years to come.

There are a number of exclusive luxury properties currently on the market in Bristol – from exquisite townhouses to traditional country mansions – so if you’re itching to move to town, for a few million pounds or more you’ll be with good luck finding the perfect home. Likewise, if you’re looking for investment properties to rent out long-term and create an extra stream of income, or renovate with a view to making a nice profit later, then the possibilities here are seemingly endless.

Those who can afford to buy a home in this part of the UK are in a privileged position, and if you’re willing to play the long game you could expect to make considerable returns down the road. We asked the experts at AVRillo Property Lawyers in Bristol, which aims to make conveyancing work easier for its clients, to break down everything you need to know about capitalizing on the city’s property market this year.

Bristol currently enjoys one of the fastest growing housing markets in the UK, with its strong economic growth and the excellent quality of life it supports, making it one of the most desirable places to live and work.

Why invest in Bristol?

The booming real estate market

Bristol currently enjoys one of the fastest growing housing markets in the UK, with its strong economic growth and the excellent quality of life it supports, making it one of the most desirable places to live and work. Bristol’s popularity has not only caused property prices to rise in the city, but has done so at a faster rate compared to other places in the country. In 2011, the average property price in Bristol was £189.06, while today property prices in the city are up over 60%.

According to Zoopla, the average house price in Bristol is currently £361,837 for the past year. Apartments are Bristol’s cheapest properties, starting at £253,575, while detached houses sell for a minimum of £534,939 and semi-detached for £370,583. The all-time average selling price in this city is £194,147.

A high employment rate

Bristol has one of the highest employment rates in the UK, and with the huge selection of jobs on offer, it’s perhaps no wonder it’s considered one of the most popular to live. Students graduating from university and looking for professional jobs make up some of those moving to the city, but we are also seeing many people leaving London in search of a quieter life and settling in the areas rural areas outside the city centre.

The higher employment rate in Bristol means it is in high demand. According to a recent survey, at least 77.1% of Bristol’s population are employed, and high demand among tenants looking for accommodation means it is an ideal place to invest in property.

Clifton Suspension Bridge, Bristol, Avon blue sky
The Clifton Suspension Bridge is one of Bristol’s most recognizable structures

Improved quality of life

Many who move from London are looking for a better quality of life, and Bristol is increasingly becoming one of the best places to find it. While it’s undeniable that many are moving to coastal and rural areas like Devon and Cornwall, for others they’re too far – while Bristol, with its big food scene, community spirit and plethora of cultural attractions, offers the best of both worlds.

Bristol’s waterfront is home to many restaurants, shops and bars, with historic attractions such as the Clifton Suspension Bridge and Clifton Observatory located across the city. But it’s also surrounded by vast expanses of green fields, rolling hills and breathtaking countryside, making it one of the few places that ticks all the right boxes when it comes to quality of life.

Successful business and industries

Bristol has one of the fastest growing professional services sectors in the country and is a leader in engineering and technology. In recent years, an increasing number of companies have set up their offices and headquarters in the city to increase their visibility in the UK, with most of the big players in the technology market investing heavily in infrastructure to support the various industries. .

Bristol is, therefore, one of the best places in the UK to start and run a business. The city has a heritage for film and the creative industry, making it an ideal place to invest in real estate.

Bristol Floating Harbor showing views of the city of Bristol.  England
Investing in property always comes with challenges, but if you’re looking to grow your portfolio in 2022, Bristol is the perfect place to do it. Image credit: urbanbuzz/Bigstock.com

Major transport links

Bristol is strategically positioned in the South West making it an ideal place to live for all kinds of people. Excellent rail links mean you can take the shortest time, an hour 35 minutes, to get to the capital via Temple Meads, and with an international airport right on its doorstep, it’s a hub for international travel. and leisure.

The bottom line

Investing in property always comes with challenges, but if you’re looking to grow your portfolio in 2022, Bristol is the perfect place to do it.

Be sure to invest in the services of a real estate agent or conveyancing lawyer to help you out. A conveyancing agent can facilitate property searches and inquiries, and ensure that due diligence is carried out to reduce potential risks, putting you in the best position to profit from your investment later.