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Bristol property prices rising, figures show

29 September 2009

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Bristol property prices performed better in August than the national average, figures have revealed.



According to the Land Registry's latest data, England and Wales as a whole saw a decline of 0.1 per cent in values, compared to the previous month.


Bristol, however, saw prices increase by 1.3 per cent - although the typical property is still worth 12 per cent less than a year ago.


The increase was also above that of the region, with the south-west seeing monthly growth of 0.3 per cent.


As a result, the average Bristol property cost £158,217 in August - more than £2,000 above the national figure.


Commenting on the results, managing director of buy-to-let website Smartlandlord.co.uk Keshav Thukaram noted that interest in UK property is growing despite lending remaining restricted.


"It's safe to say that with some sound financial planning and with rent guarantee insurance in place, property is still an attractive investment," he said.

 


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