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gruffydd

Bristol Prices - Huge Increases

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Just looked at Bristol house prices after gap of a year or more... Horfield, Fishponds prices way up! Probably same across Bristol! And supply has collapsed completely in places like Fishponds.

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Yes. Definitely a small boom underway with swift sales pushing up prices. Definitely a big gentrification push into Easton, St George, Eastville too by priced-out 20 and 30 somethings and anywhere still just about 'cheap' within the city proper. East Bristol the new North. People genuinely nervous about Home Buy pushing prices further out of reach means grimier borderline up-and-coming areas now acceptable. Couples/families want closeness to work, one car (or no car) not two. Getting enough mortgage to buy still tricky but now enough people around with the deposit saved to gobble up 150-200k homes as FTBs.

I predict trendy coffee bars on even notorious Stapleton Road within 12 months. Seen the pattern in the South East plenty of times.

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Is there much new building going on in Brizol?

Masses of new Bradley Stoke style doll's house development around nondescript Patchway/Cribbs area in South Glos, which should make for lots of extra traffic whizzing around. Pockets of small part-buy stuff being crammed in on odd gaps here and there. Some expansion to the Harbourside area too, which was pretty under occupied after the credit crunch. Still big office blocks building built without any real need considering the huge glut of offices.

Overall, though, wouldn't say it's a building boom.

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Overall, though, wouldn't say it's a building boom.

There's the 450 acres of Filton main runway to be built on yet. After all, we don't seem to need this irreplaceable piece of capital infrastructure that is capable of taking the largest airliners in service. It should be possible to build 10000 homes on that at the Governments recommended suburban housing density.

The strange thing about Bristol is that median salary is really quite low despite all the big companies, universities, and hospitals.

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There's the 450 acres of Filton main runway to be built on yet. After all, we don't seem to need this irreplaceable piece of capital infrastructure that is capable of taking the largest airliners in service. It should be possible to build 10000 homes on that at the Governments recommended suburban housing density.

The strange thing about Bristol is that median salary is really quite low despite all the big companies, universities, and hospitals.

Yes, the Osbourne-contrived mini boom seems to get Britain back to its usual habit of selling piles of bricks to each other for ever greater sums. So much for a more balanced economy where sectors like export-focused industry are promoted.

To be honest low mean/median average salaries is true of every provincial town in the UK, even the 'affluent' ones. Outside the traditional professions and trades it's mostly crushingly low-paid McJobs.

Edited by CrashedOutAndBurned

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A definite mini bounce / boom in north Bristol - asking prices jumping up a chunk whilst not much new supply (yet).

For example, this place in hotwells / Clifton was on the market for months in 2008 for approximately £525k, before being taken off without a sale. It has now sold relatively quickly for approximately £580 - £590k.

Whether it is London money (where anything in Bristol looks cheap by comparison), help to buy fears of prices taking off or just a capitulation from buyers, difficult to say.

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Yup. I live in Horfield and prices are through the roof. Stuff like this are selling for close to asking.

My link

3 beds in decent nick with a garden +/- garage but in Horfield/Filton/Lockleaze are going for circa £200k. Five years ago they would only dare ask for £185k.

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There's the 450 acres of Filton main runway to be built on yet. After all, we don't seem to need this irreplaceable piece of capital infrastructure that is capable of taking the largest airliners in service. It should be possible to build 10000 homes on that at the Governments recommended suburban housing density.

The strange thing about Bristol is that median salary is really quite low despite all the big companies, universities, and hospitals.

It is completely replaceable. Just build something somewhere else. Tarmac something else, somewhere else. At the moment it is a very very large strip of tarmac being used to fly tiny aircraft and the occasional commuter. The density of surrounding housing means it will never ever be Bristol's main airport. A very large and costly asset that does nothing and brings no income in - it's a surprise we (Airbus) kept it so long. Much better to sell it and use the proceeds to improve transport links to Lulsgate (doubt that will happen though).

Bristol is just another example of polarising society. I am part of the 30-something professionals with great salaries who are buying crap houses purely because it is insane here in Bristol. There is no point going elsewhere because this is where the jobs are. The rest of Bristol just gets poorer and poorer and survive on the various welfare payouts.

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For example, this place in hotwells / Clifton was on the market for months in 2008 for approximately £525k, before being taken off without a sale. It has now sold relatively quickly for approximately £580 - £590k.

Sale apparently fell through, back on sale yesterday for 595k. Lucky escape with finance falling through, or vendor getting greedy & buyer refusing to go higher, who knows.

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