26 Aug

Transport links boosting prices

Transport links boosting prices

Prime property is benefiting from train services that offer good commuting options to London.

Knight Frank reports prime property in Bristol has seen an increase in value by 7.4 per cent in the 12 months to June 2016, as well as a 17 per cent rise in new buyer registrations and 19 per cent increases in the number of viewings.

Cheltenham has also benefited from interest from commuters that has helped prices to increase by 8.6 per cent over the past year, compared to a national rise of 1.3 per cent of prime property prices.

James Toogood from Knight Frank explained Bristol has seen a strong increase because of its good location and recent improvements to the train service to London has enchanced its national appeal.

He added: “The fundamentals of the market in Bristol show little sign of changing with low mortgage rates and a growing imbalance between supply and demand. The primary drivers of the market are also largely unaffected with access to schools and improving transport links remaining a key attraction for buyers.”ADNFCR-1222-ID-801824244-ADNFCR

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