When it comes to UK property investment, Bristol is one of the hottest property markets in the country that continues to grow year on year. As of 2018, the Bristol property investment market was ranked 5th for buy to let properties – after London, Manchester, Liverpool, and Nottingham. With a modern economy built on creative arts, aerospace, and electronics industries; Bristol is often considered one of the best investment areas in the UK. It’s no wonder that investors are putting their money into this vibrant city as it has such a high demand for new residents. To invest in Bristol at this time is undoubtedly a wise move.
Along with a booming property market and being one of the best investment areas, Bristol has a lot to offer residents and comes replete with impressive 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. Also, the number of private businesses in Bristol is remarkable, from independent shops to coffee houses and much more.
Over the last decade, Bristol has become an attractive and prosperous area since the population has increased by 11.6% over the previous decade. As more people flock to this southern beauty, the reasons to choose Bristol property as an investment continue to grow and thrive.
There is a wide range of Bristol investment property types available, from waterfront studio apartments to Victorian terraced houses. As one of the UK’s most popular places to live and visit. Bristol has a thriving buy to let market. 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.
Bristol buy to let hotspots such as Clifton and Redland show that the property investment Bristol offers is not only popular in the city centre, but outside of the city centre too. One of the most significant factors relating to the Bristol buy to let market is the strong economic growth during 2017 and 2018. 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.