Bristol currently has a higher property demand overshadowing areas in Reading, Cardiff, Sheffield, Liverpool and Glasgow. Apart from London, Bristol falls within the top 5 category for property investments made.
Huge investments keep pouring into Bristol. Research carried out by a property technology platform called Datscha, shows an increase in investment from £663million in 2017 to £975million in 2018.
Why the attraction to Bristol?
Current value–the attraction and allure to Bristol properties lie with the price tag. Bristol property value is not as expensive compared to other regions in the UK. It is best to invest now.
Future commercial hub–current investments establish the fact Bristol will be a commercial hub in the future. Student properties are also growing like the University of West England (UWE) and Bristol University.
The attraction to Bristol is not temporary. Head of research for Datscha, Lesley Males says: ‘’Bristol has great potentials in key growth sectors like creative industries, digital technology and aerospace. Implication is there will be a continuous demand for commercial property in this region.’’
Ratings–performance indices show Bristol is doing well. Positive commercial returns are at an all time high for areas in Bristol.
Lesley Males says: ‘’Over the course of the last 12 months, Bristol has performed well as a regional city.’’
Who are Bristol’s stakeholders?
There are both international and domestic investors acquiring properties in Bristol.
Saudi Arabia–£35million has been spent this year and £32million spent on the Hub at Aztec West Business Park. Saudi Arabia is Bristol’s biggest international investor.
South Korea–£95million was paid for a large office building on Canons Way in 2017 by a firm. This is one out of several purchases that have been made.
The US–£21million was spent on Prudential building located on Wine Street. £12.2million was paid for logistics development in Avonmouth by Amazon.
UK–investments increased from £465million in 2017 to currently £585million.