Bristol is the most popular UK destination for prospective property purchases, according to email4property.co.uk…
This fact is not going unnoticed by many homebuyers who are keen to invest in the city amid major regeneration plans promising to create a premier place to live, work and visit.
Interestingly, Linden Homes made a prediction almost a year ago that the Bristol property market would hot up, as the regeneration plans began to take shape and is now experiencing this effect for itself.
The award-winning housebuilder has witnessed a flurry of off-plan sales activity across a number of its developments in the area and as the regeneration continues to advance, the sales look set to continue.
Off-plan sales ‘soaring’
Toby Ballard, Managing Director for Linden Homes Western comments: “Bristol is a fantastic city and the improvements in infrastructure, leisure and commercial works can only further add to its status. The £500 million Broadmead expansion looks set to transform the city and propel Bristol into the top ten retail destinations in the UK.
Advertisement starts
Advertisement ends
“In particular, the opening of Harvey Nichols is a great boon for Bristol, especially when you consider the dramatic effect it had on the property market in Manchester, when it opened in 2003. It is clear that the regeneration is already having a knock on effect on the local property market and from our own experience, we have seen a dramatic increase in the number of off-plan sales, which is not limited to investors”
Hometrack.co.uk notes that most homes in Bristol sell within four weeks, with buyers paying on average 97% of the asking price.
