It’s no secret that Bristol is one of the most expensive places to live in the United Kingdom. In 2024 the majority of properties sold in the city were terraces properties selling for an average price of £406,500.
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00:00It's no secret that Bristol is one of the most expensive places to live in the United
00:05Kingdom. In 2024, the majority of properties sold in the city were terrace properties,
00:12selling for an average price of £406,500. Flats in the city were sold for an average
00:20of £283,000, with semi-detached properties fetching around £439,000. This makes the
00:31average property in Bristol around £390,000, putting the city as one of the highest in
00:39the UK. But the locals think it is too hard to get on the property ladder in the city
00:44of Bristol.
00:45There's obviously a drift on the M4 from London all the time. In fact, I'm guilty of
00:51that 35 years ago. But I think that's what probably keeps the prices very high. It's
00:58a desirable city. I can understand why. But it's unaffordable. I have a daughter who's
01:03looking for a flat, but she can't find anything within the price range. It's very, very tough
01:07for young people nowadays. I'm lucky to have a place.
01:11It's a heavy burden. It's a heavy burden. By any case, it's a heavy burden. But if you
01:19want to live somewhere, there is a price to pay. And then there is the slalom, you know,
01:26with the prices, with actions in the shop and things. So far, so good, I mean. Rita's
01:34business is that she's finding the ways how to get cheap food, good food, cheap food.
01:41There is the local shop, you know, over there, the veg shop, and cheaper and good quality
01:47than over there in the supermarkets and so on. So it is, you can find a way to cope with
01:54the heavy burden of taxes and stuff.
01:59According to the Office of National Statistics, private rents have risen slightly this year
02:04to an average of £1,761, which shows an annual increase of 1.2% than this time last year.
02:15But this was lower than the rise in the South West, which was 5.9% last year. But it was
02:22higher than the average UK rent, which was around £1,333, making Bristol an expensive
02:30city within the UK to be a private renter. But how do locals feel about renting and do
02:36they feel renters get good value for money?
02:39Again, I think it's very competitive with London. And I think that's the problem. You
02:44know, they're very, very high rentals. And again, very hard to find, I gather. I mean,
02:48I've not been looking for a place, obviously, but I do understand that they're very difficult
02:52to find.
02:53That's all for the moment.