The prospect of buying a home during these times is a daunting prospect- as the cost of living crisis deepens in the UK, inflation rockets and so do house prices. House prices, in particular, have soared over the last couple of decades with property prices in Britain equating to around four times as much as 20 years prior on average.
Bristol, in particular, has seen the fifth largest house price increase UK-wide over the last 20 years according to new research by Plumbnation. The survey measures average property price data from cities across the UK from 2022 all the way back to 2002 and ranks the prices per city based on the difference as a percentage.
And Bristol made it into the top five cities that have seen the biggest price increases during this period. The average cost of all property types in Bristol in 2022 equated to £333,058 whereas this figure was estimated at £97,875 in 2002, seeing a 240.29 per cent increase over 20 years.
