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Higher end Bristol property market 'doing well'

22 March 2010

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The higher end of the Bristol property market may be enjoying success, comments made by one expert imply.

 

According to Nigel Ellis, director of Prickett & Ellis, residences in the category are selling well across the UK.

 

He suggested that the fact that there is a shortage of such homes is the cause of the trend.

 

Mr Ellis also claimed that the problems consumers were having in terms of accessing finance to buy real estate are lessening and it is now easier for them to get mortgages.

 

He remarked: "They can borrow, the banks are falling over backwards to lend 60 per cent on a million pound house."

 

Bristol property is not the most expensive currently on the market in England and Wales. According to the Mouseprice Street Rankings for 2010, this accolade goes to homes on Chester Square in London, which are valued at an average of £6,596,000.

 

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