Bristol house prices have risen by five per cent every year for a decade

bristol house prices have risen by five per cent every year for a decade - Bristol house prices have risen by five per cent every year for a decade

House prices in Bristol have risen amongst the highest in the country over the last decade.

Data from the Zoopla UK City House Price Index shows, in the last 10 years, an annual average price rise of 5.3 per cent.

Cambridge shares the same rise and only London beats it at 5.7 per cent.

Richard Donnell, Research and Insight Director at Zoopla, said: “In the wake of the election result, much has been made of the likely impact on the housing market and wider economy.

“The election result provides an element of certainty for households looking ahead to 2020, but the result changes very little in terms of housing market fundamentals.

“While we expect some pent-up demand to return to the market in 2020Q1, the affordability of housing across the country will dictate the level to which prices will increase in 2020.

“Lower mortgage rates have already been reflected in higher house prices, which means house prices are set to rise at a lower rate in future – more in line with average earnings.

“We expect UK city house prices to increase by three per cent over 2020.

“That said, the most affordable regional cities still have some headroom for growth, and we expect them to register price growth of up to four per cent.

“Growth will remain more muted in southern England despite modest improvements to affordability.

“We expect a limited boost to sales volumes in London over 2020, but for price growth to be constrained by affordability factors with London prices expected to rise by two per cent over the year.

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