It’s being suggested that prospective home buyers in the Bristol area are looking to make the move from the region to south Monmouthshire in preparation for the Severn Bridge toll reductions, which are set to be halved come the year 2018.
According to the BBC, estate agents are now saying that around 80 per cent of househunters are coming from Bristol in the hopes that they’ll bag themselves a property bargain before the tolls come down.
It’s perhaps unsurprising that people are looking to relocate from Bristol to other parts of the UK, with house prices in the city climbing 37 per cent in the last five years. South-east Wales is sure to be particularly attractive to people keen to move house and start a new chapter elsewhere.
Speaking to the news source, estate agent Charles Heaven said: “Houses are in huge demand. In fact, there aren’t enough houses. Property is being snapped up within days, sometimes hours and prices are flying up. With the railway electrification of the south Wales mainline, the planned south Wales Metro, the proposed M4 Relief Road around Newport, coupled with the beautiful countryside of south Monmouthshire and the Wye Valley, this is desirable place to live.”
That said, Bristol will always be a popular place for people looking to move house. In fact, estate agent Knight Frank has just revealed that average property prices in the city climbed by 15.8 per cent over the third quarter of 2016, meaning that it ranks third in terms of house price growth across the whole of Europe, behind Budapest and Oslo.
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