Newly-released data shows that, on average, house prices in Bristol fell by 0.2% between November and December 2022, the first decline in over a year. According to the latest figures from the Office of National Statistics, in the whole of the UK, there was a 0.4% drop in December 2022 compared to the previous month, while the south west was the region that saw the most significant monthly price fall, with a movement of –1.8%.
Despite the dip in Bristol, the yearly increase in the 12 months leading to December was 13.6%, with average house prices rising from £322,553 the previous year to £366,459. This compares nationally to an annual price rise of 9.8%, putting the average property in the UK valued at £294,329.
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