If you are thinking of buying investment property, Bristol has much to offer potential investors. Now is a great time to consider entering the investment property market. Nationally, property prices remain affordable and on a steady upward trend, rental yields are strong with rental values increasing both on a monthly and annual basis and the cost of finance remains affordable for those with a healthy deposit.
As investors across the nation experience exciting returns from investment property, Bristol has proven to be a particularly safe bet. According to Land Registry data, property prices for flats are up by 1.9% over the past year. Rental values and yields in the South West are also up over the past 12 months, reflecting the continued high level of demand for rental property in the area.
Of all the areas in the South West offering good opportunities to buy investment property, Bristol has all the makings of a safe haven, with two large universities in the City, each with a high percentage of affluent students from both the UK and overseas. The many thousands of students coming to the City each year keep demand and prices high for rentals. A large percentage of students are happy to pay premium rent to live in the more affluent areas of Bristol such as Clifton, Redland, Cotham and increasingly the City Centre and the rapidly developing Harbourside area.
Added to this are the many large international employers that have a presence around Bristol. They employ many thousands of highly paid professionals, often on a short term or contract basis. This large group of people also look for high quality accommodation during their time in Bristol and are quite happy to pay premium prices to live in the best areas of the City.
If you are looking to purchase investment property, Bristol or the surrounding areas could provide the perfect setting and engaging a property finder such as Garrington to aide investment decisions, ensuring yield and equity returns stack up will add further credibility to your position, as agents and vendors alike know that we only work for committed investors who are ready and able to buy.