Charlotte Strang is quoted in this buy-to-let investment piece about buying in Bristol, which is still the hottest city in the UK currently due to a data analyst. Charlotte explains where the most popular areas are, and why Bristol attracts so many buyers.
“At the upper end of the market, sought after streets such as Canynge Road, College Fields, Worcester Terrace, Caledonia Place and West Mall will only see properties come up for sale only once every 25 years or so, so when they do, buyers are seizing the opportunity,’ said Charlotte.
“Demand is typically emanating from London and other parts of the south-east, fuelled heavily by very low stock levels, particularly in Clifton, Redland, Leigh Woods and Sneyd Park. For example, some purchasers only need to be in London for circa three days per week and are downsizing their property requirements, or they are selling to allocate greater funds to a home in Bristol.
“Since the pandemic particularly, we have also seen a large number of retirees who are moving to Bristol to be closer to children and grandchildren. The buy-to-let market also plays a big part due to the attractive returns available combined with consistent demand, not only from professionals working in the City but from students at the University of Bristol and the University of the West of England (UWE).
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