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Next year 'will be good for Bristol property market'

21 December 2009

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The property market across the UK, including Bristol, is likely to see growth next year, it has been suggested.

 

According to Stuart Law, chief executive at Assetz, there have been improvements over recent months and this is set to continue.

 

His comments were made following the release of figures by the Royal Institution of Chartered Surveyors, which revealed that house prices rose for the fourth month in a row in November.

 

The supply and demand imbalance was said to be the main factor influencing the value of homes, with 28 per cent more surveyors stating that enquiries from potential purchasers are rising rather than falling.

 

Mr Law stated: "If prices carry on rising like they have for the last seven to eight months then by the time 12 months are up, prices will be up by 11 per cent."

 

He added that, while there are still negative factors affecting property prices, they are unlikely to outweigh the positives.

 

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