Bristol’s local economy generates around £32 billion per year and is expected to grow by 3% over the next 10 years. There are many reasons to invest in investment properties in Bristol, with many statistics surpassing the national average. Along with a booming property market and one of the best investment areas, Bristol rental property has a lot to offer residents with some awe-inspiring statistics. It was the first UK city to undertake a local currency project, the Bristol Pound, carving the way for other towns to add some momentum into their local economies and businesses.
There is a wide range of property types available, from waterfront studio residential property to Victorian terraced houses. As one of the UK’s most popular places to live and visit, Bristol investment property helps make up a thriving buy to let market. The Bristol housing market has become increasingly popular over the past decade. Houses and flats are the most popular investments, but the possibilities are endless. This could be because of how liveable the city is on the whole. In 2014 and 2017, Bristol was named the best city to live in Britain by the Sunday Times. This then meant the demand for more properties increased as people realised it’s potential.
A report in 2020 found that the three top words used to describe the city were “diversity,” “culture” and “green.” These words paint a perfect picture of the city, with over 91 different languages spoken by residents. Bristol is fast becoming one of the most thriving and innovative cities in the country, and if you are looking to invest in UK property, it may be worth considering.
The city is one of the largest in the UK, with a population growing more quickly than other UK cities. Over the next 25 years, the population is set to rise by 15%, which is higher than England’s other core cities.
The Bristol housing market and the buy to let market, in particular, has seen a wealth of growth. Bristol buy to let hotspots such as Clifton and Redland show that the property investment Bristol offers is popular in the city centre and outside of the city centre. One of the most significant factors relating to the Bristol buy to let market is the strong economic growth over the past few years. The city is driven by an office-based employment sector which is only thought to strengthen over the coming years. For Bristol property investment dreamers and those looking to invest in Bristol buy to let, the demand means you’ll have a steady stream of potential tenants. Tenants will primarily be young professionals who filter into the city to live and work in the strong business sector.