BRISTOL HOUSE PRICES ROCKET BY 16%

House prices in Bristol have risen by nearly 16 per cent in a year – the second biggest rise in the country.
The latest official figures from the Land Registry, which records the price paid in every property transaction in the country, show that the climb in prices in the city over the last 12 months was second only to Brighton.
Besley Hill Estate Agents report that there is still a huge demand for family homes in Bristol, where the average cost of buying a house rose by 15.9 per cent.
That is almost double the average rise for the UK as a whole, which was 8.5 per cent.
The Land Registry figures give a breakdown of sales in each area of the country and are based on the final price paid – not the asking prices.
The average house in Bristol cost £173,867, while in North Somerset the cost was £179,325, an increase of 9.2 per cent over the last year.
In South Gloucestershire the average house cost £181,506, an increase of 11.1 per cent. In Bath & North East Somerset, the average property sold for £230,831, an increase of 14.5 per cent.
In England and Wales the national average now stands at £165,596.
Bath is fourth on the list of areas with fastest growing property prices, with South Gloucestershire 21st and North Somerset 31st out of 111 areas.