Experts may be warning that the property price crash in Bristol ‘has already begun’, but according to data released by Halifax, the average value of houses across the city experienced some of the highest growth in the UK over the past year.
Bristol property prices have increased by 14.8% on average in the 12 months to November 2022. In cash terms, this equates to £50,864, bringing the average house price in the city to £394,126. This puts Bristol equal ninth with Cambridge, where the typical home costs £531,730, and an increase of 14.6% correlates to a £68,586 rise.
Despite bagging a spot in the top ten with its notoriously robust property market, the latest Halifax House Price Index figures come hot on the heels of a warning from the company, which said its data showed a sharp drop in the rate at which house prices were rising in the region over November 2022.
