Improvements in the UK's jobs market may have enhanced the demand for Bristol property.
According to housing economist at Halifax Martin Ellis, the fact that the business world is showing more signs of confidence has had an impact on real estate in the country.
He remarked: "The recent improvement in the labour market, highlighted by increasing numbers of people in employment in both September and October, has ... supported housing demand."
His comments were made in the wake of the release of the Halifax House Price Index for December, which showed there was a monthly rise in the price of homes of one per cent.
The average value of a property now stands at £169,042, the firm suggested.
Another factor identified by Mr Ellis as contributing to the increase was the current low base rate of interest, which has reduced the cost of servicing mortgages.
Recently, Andy Pratt, chief operating officer at Alexander Hall, predicted that consumers looking to buy houses and flats this year will have access to good deals offered by mortgage lenders.
