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Bristol property market improved last year?

04 March 2010

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If the Bristol property market followed the pattern exhibited by the UK as a whole, it experienced improvements last year.

 

According to a new report from the Royal Institution of Chartered Surveyors (Rics), the country saw the value of its homes rise by one per cent over the course of 2009.

 

This included a ten per cent bounce since a low point witnessed in April, the organisation noted.

 

Britain was said to be one of only five countries in Europe that saw increases in the value of real estate last year.

 

The others included Norway and Finland, which saw prices go up by 12 per cent and eight per cent respectively.

 

Simon Rubinsohn, chief economist at Rics - which is a global body for those involved in property, land, construction and environmental assets - said there were a number of reasons why some nations saw such increases.

 

He commented: "A combination of extraordinarily low interest rates and a raft of government measures have helped to put a floor under residential property markets in most European countries."

 

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