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Micro-Boom Descends on New Areas of Bristol

14 Nov 2013

Picture the scene. A new cafe opens, next door to where a delicatessen is already proving popular. Outside, people pushing prams pass each other on the pavement, while the nearby estate agent window is full of "sold" signs.

 

No, this isn't Clifton Village or Cotham Hill – this is Fishponds, Easton or Bedminster, where a micro- boom in housebuying is taking hold as the areas become more desirable, and demand outstrips supply.

 

Since the recession first bit in 2008, first-time buyers have been locked out of the bottom step of the housing ladder.

 

But the government's Help to Buy scheme has released a new generation of house hunters in Bristol who are helping to transform city's social landscape.

 

Easton, Bedminster and Fishponds are all experiencing booms with properties in high demand often being exchanged over the asking price.

 

An "acute shortage of sellers" is leaving desperate buyers competing with as many as 30 viewers per day for their dream home, according to estate agents.

 

One house was reportedly sold within three and a half hours of being placed on the market last week.

 

Chartered surveyors have predicted the steady rise in house prices in the South West will hit another all-time high over the coming months.

 

The now-affordable areas are the affluent neighbourhoods of tomorrow where estate agents are predicting ever-rising house prices – and ever more cafes and delis.

 

 


Article taken from the Bristol Evening Post November 2013

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