Bristol emerges as investment hotspot
Posted: 12 Jul 2006 10:06:57 GMT
The property market in Bristol is reportedly booming, with major regeneration making it a hotspot for investors.
A report from Linden Homes highlights Bedminster as a particularly strong property investment choice, thanks to a booming rental market and significant potential for house price growth.
And incredibly, a two-bedroom apartment in Bedminster still only costs £140,000 according to 4homes.com, which compares to £230,000 in Clifton.
Furthermore, a £500 million expansion project in Broadmead is set to attract a huge amount of investment from businesses, creating thousands of new jobs and notably boosting the city's population.
Philip Davies, chief executive of Linden Homes, said: "A considerable amount of money is being spent on the regeneration of Bristol, with over £150 million going on cultural infrastructure alone including world-class arenas, theatres and music venues.
"Prices are already rising and some areas of the city are on the brink of major house price growth to bring them in line with upmarket areas such as Clifton," he added.
Mr Davies indicates that the buy-to-let sector is also blossoming in Bristol and he predicts that this will continue as the regeneration projects take shape.