Bristol tops property searches outside London
Bristol emerged as the popular location outside London for online property searches among both buyers and renters during 2019, according to a new year survey.
Read more on the UK housing market
- UK housing market 'set to rebound in 2020'
- House prices pick up - inflation stays low
- London rated 'most dynamic' city again
Mr Shipside continues, "Historically, there has not been enough new house building to cope with the shortage of homes, resulting in prices rising at a faster pace than many other cities in the UK. In the last year, the price of property coming to market in Bristol has risen by 2.3 per cent, well above the national average of 0.8 per cent.“Though this is good news for those already on the property ladder, it makes it harder for first-time buyers to get onto it. These are dynamics that are likely to continue, making Bristol a good place to invest.”
Price growth across the UK
In the capital itself, the most searched place among buyers was Wimbledon and, among renters, Canary Wharf.As far as price growth was concerned, Pontefract in Yorkshire saw the largest year-on-year increase in average asking prices, rising 12.3 per cent to £175,412, compared to a national average rise of just 0.8 per cent. Hoxton in the London borough of Hackney took first place, with average asking prices rising by 11.4 per cent to £1,019,510.Ashton-Under-Lyne in North West England saw the biggest rental hikes outside of London, with a 5.4 per cent increase, bringing the monthly average to £546. This pales in comparison with the 14.1 per cent rise in Battersea, south London, where average asking prices for rents jumped to £2,544 per month.Top ten searches by prospective home buyers outside London on Rightmove last year
- Bristol
- York
- Glasgow
- Edinburgh
- Sheffield
- Cambridge
- Manchester
- Norwich
- Birmingham
- Nottingham
Top ten searches by prospective renters outside London on Rightmove
- Bristol
- Manchester
- Liverpool
- Cambridge
- Glasgow
- Leeds
- Nottingham
- Birmingham
- Edinburgh
- Sheffield
Read more news and views from David Sapsted.
Subscribe to Relocate Extra, our monthly newsletter, to get all the latest international assignments and global mobility news.Relocate’s new Global Mobility Toolkit provides free information, practical advice and support for HR, global mobility managers and global teams operating overseas.Access hundreds of global services and suppliers in our Online Directory©2024 Re:locate magazine, published by Profile Locations, Spray Hill, Hastings Road, Lamberhurst, Kent TN3 8JB. All rights reserved. This publication (or any part thereof) may not be reproduced in any form without the prior written permission of Profile Locations. Profile Locations accepts no liability for the accuracy of the contents or any opinions expressed herein.