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Investment Guide – Bristol

Investment Guide

Population

450,000+

region

South West

county

Bristol

Property

There are no signs that prices are likely to fall and it is speculated that growth trends will continue at the same rate. As unaffordability continues in London, some homeowners and investors have been ‘pushed’ out of the capital in search of a new locations that offer a strong infrastructure, economic growth prospects and long term potential. A combination of good market conditions for Bristol and tougher times for London means that the demand for property balance has shifted. Whilst house prices in Bristol still continue to rise faster than London, absolute prices in the capital remain tremendously higher than anywhere else in the UK.

The Bristol property market has continually proven to be a strong market with a low volume of property coming to the market whilst plenty of buyers are looking to step onto the housing ladder or move up the ladder. The pressure on house prices therefore remains with significant growth over the past 1-2 years. In many cases homeowners and investors have seen 9% price increases year on year for the past couple of years with some areas benefitting from even higher growth figures.

‘Bristol is the latest property hotspot as house prices rose faster there than any other UK City. Bristol’s housing market is outpacing London, with a recorded 9.2% annual price growth’ (Hometrack, 2017)

Economy

Bristol’s economy performed strongly in 2016, recording a 2.4 per cent increase in economic growth compared to the same point last year and moving into tenth place in a league table for city growth (southwestbusiness.co.uk). As a result, Bristol’s economy is now worth £13.6 billion and its pace of growth moved it above some of the country’s biggest cities including London, Birmingham and Leeds.

As the city continues to grow and attract investment, Bristol is expected to outperform the surrounding South West area as well as the UK in terms of economic growth by 2020. Major employers in Bristol span across a range of legal, financial, technological and insurance industries – from successful creative businesses such as Aardman Animations famous for the loveable Wallace and Gromit, to Triodus, a bank centred around ethical trade finance. The financial services sector employs 59,000 in the city, and the high-tech sector’s 50 micro-electronics and silicon design companies employ around 5,000. The latter includes the Hewlett-Packard national research laboratories, which opened in 1983.

Bristol’s economy is now worth £13.6 billion and its pace of growth moved it above some of the country’s biggest cities including London, Birmingham and Leeds.

Employment

Major employers in Bristol span across a range of legal, financial, technological and insurance industries – from successful creative businesses such as Aardman Animations famous for the loveable Wallace and Gromit, to Triodus, a bank centred around ethical trade finance. The financial services sector employs 59,000 in the city, and the high-tech sector’s 50 micro-electronics and silicon design companies employ around 5,000. The latter includes the Hewlett-Packard national research laboratories, which opened in 1983.

Known as the economic hub of the West Country, Bristol’s business sector continues to thrive year on year. Home to internationally renowned employers including AXA, the MOD, Orange and Airbus, who are located here due in part to the work-life balance being so excellent. The recently opened Bristol & Bath Science Park in Emersons Green is attracting many more visitors as well as businesses and their employees from every corner of the globe.

23.3% Increase

DEMOGRAPHY

The population of Bristol has become increasingly diverse and some local communities have changed significantly. There are now at least 45 religions, around 187 countries of birth represented and a minimum of 91 main languages spoken by people living in Bristol.

If recent trends continue, the total population of Bristol is projected to increase by 103,100 people over the 25 year period (2014-2039) to reach a total population of 545,600 by 2039. This is a projected increase of 23.3% which is higher than the projection for England of 16.5%

Education

Bristol is home to two universities; the University of Bristol and the University of the West of England. The number of full time students aged 18 and over living in Bristol during term time has increased by just over 10,000 from 25,573 to 35,638 (2001-2011). Graduates make up 46% of Bristol’s working-age population, compared with a national average of 36%.

Plans for the University of Bristol’s ‘transformational’ new campus were unveiled at the end of last year, with a £300 million project to sit at the heart of the city’s Temple Quarter Enterprise Zone. It’s hoped the campus will open in time for the start of the 2021/22 academic year.

The city also hosts 129 primary schools, 17 secondary schools, 4 further education colleges and 16 independent schools.

TRANSPORT

Bristol has a plethora of transport options from rail, road and air. First Great Western serves Bristol Temple Meads and Bristol Parkway stations offering easy access to Cardiff, Swindon and London. Bristol airport is located south west of the city and is under eight miles from the city centre. The airport serves domestic and international travellers to over 100 destinations. The city can easily be accessed by road using the main east/west M4 Motorway between London and west Wales, as well as the M5 which links Birmingham and Exeter.

First Great Western serves Bristol Temple Meads and Bristol Parkway stations offering easy access to Cardiff, Swindon and London

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