Property Options’ Bristol Buy To Let Market Update

This update is by economist Chris Worthington, who is a regular speaker at our PIMs.

Planning Guidance Consultation

The Mayor of Bristol, Marvin Rees, recently announced a consultation for new planning guidance that would permit taller buildings to be built in the city.

The Urban Living proposals are designed to support a significant increase in new and affordable homes, by encouraging the best use of land, through allowing high quality taller buildings to be built in the right places.

The Mayor commented “ we have the opportunity to be much more ambitious to meet our growth requirements, while at the same time protecting the unique character of Bristol.”

MIPIM

Last month the Mayor attended the MIPIM Global Property Summit at Cannes, accompanied by a delegation of business leaders and property companies.

The focus for the delegation was on two areas in the city with a high level of development potential; the Temple Quarter Enterprise Zone and the Cumberland Basin.

The Mayor commented “Bristol is developing a global reputation as an economically successful city and fantastic place to live and work. We have ambitious plans for our city in terms of house building, regeneration and transport infrastructure in order that Bristol’s success is shared by everyone.”

Sustainable Local Homes

At a more local level a new home made of straw bales clad in timber was been built in the grounds of Filwood Community Centre. The project was supported by the Knowle West Media Centre with the help of Bristol based sustainable architecture firm White Design Associates.

Plans are underway to build more of these homes on “micro plots” – small plots of land between buildings. The above plans for new housing in large scale regeneration programmes and local level are both welcome as being beneficial for the city and its residents.

Bristol’s Profile

But that is not the end of the story. Bristol has been named as the world’s smartest city at the Global Mobile Awards beating New York and Dubai.

“Bristol is Open” is a joint venture between Bristol University and the City Council.

Bristol is an innovative and dynamic city and all kinds of business stand to gain from this initiative.

HMO Licensing

Turning to more mundane matters the City Council has announced a consultation on additional licensing of HMOs in the central wards of Bristol. Further information is available in a Property Options briefing note and on the council’s website at www.bristol.gov.uk/licensing

Our Next Property Meeting

We will all be discussing the latest position on the property market in Bristol and across the UK at our next PIM on Thursday 26 April 2018 at Future Inn, Bristol, BS1 3EN.

We hope you will join us then.

For more info and to reserve your place Click Below