Bristol described as UK property hotspot

People looking for a property investment in the UK could be advised to consider Bristol, according to a new study.

According to property agents CB Richard Ellis Hamptons International, there are a number of aspects to the city which make it desirable and popular among homebuyers, the Bristol Evening Post reports.

The current growth in population, employment, house prices and the economy are all predicted to continue, the company claims.

A total population rise of 3.6 per cent has been estimated for the period from 2001 to 2011, strengthening Bristol’s position as one of the most in-demand areas of UK property.

Escalating demand in the region is currently pushing values up, with developers reporting that the prices they expect properties to sell for upon completion are gradually getting higher.

An example is the Crest Harbourside development, where values of £325 per square foot were originally estimated but have now increased substantially to £475.

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