Over the last 12 months the average sales price in Bristol was £368,824.
Aug 7 2025
In a finely balanced move, the Bank of England has cut the base rate to 4.00% - its lowest in over two years.
"The Bank of England’s rate cut brings a welcome boost for borrowers and homebuyers - signalling renewed confidence in economic recovery and creating fresh momentum in the housing market."
Aug 1 2025
Property transactions in the UK increased in June 2025, according to the latest data from HM Revenue & Customs (HMRC).
Seasonally adjusted figures show that residential transactions rose by 13% to 93,530, up from 82,510 in May. The non-seasonally adjusted total also climbed, recording a 17% month-on-month increase to 95,080.
Prices
Sellers Adjust to Reality
Rightmove reports a 1.2% drop in asking prices - the largest July fall in over two decades. This reflects a more pragmatic approach from sellers, not panic. With more homes on the market and buyers cautious, pricing realistically is key to securing a sale.
The decade-high level of buyer choice means that discerning buyers can quickly spot when a home looks over-priced compared to the many others that may be available in their area. It appears that more new sellers are conscious of this and are responding to this high-supply market with stand-out pricing to entice buyers and get their home sold. (Rightmove)
As of July 2025, there are more homes on the market in Bristol than we've seen in over a decade, giving buyers a lot more choice than in recent years.
But that doesn’t mean the city is oversupplied—far from it. Bristol is still facing a long-term shortage of homes, especially in popular areas like Bishopston, Redland, Southville, and Clifton, where demand continues to outpace supply.
July 2025 week 4 update
Balance of supply and demand continues to improve: The number of available properties to rent is now 15% higher than at this time last year. The number of prospective tenants looking to move is 10% lower than the same period last year.
More reductions and homes taking longer to let: It’s taking an average of 25 days for a rental home to be marked let agreed on Rightmove, up from 21 days last year and 18 days during the pandemic frenzy at this time in 2022.
Nearly a quarter (24%) of rental homes see a reduction in price during advertising, the highest this figure has been since 2017.
(Source: Rightmove)
Market outlook for 2025 and beyond. Cautious optimism.
Looking ahead, the consensus among property market experts is for steady, modest growth rather than any dramatic swings. After the slight dip in momentum recently, Bristol’s housing market is expected to gently pick up pace through late 2025.
Mortgages
The average two-year fixed mortgage rate has fallen to its lowest point since the start of September 2022, before the ‘mini-Budget’.
The availability of product choice grew further, and the average shelf-life of a deal fell.
Interest Rates and Mortgage Costs
Several major lenders, including Barclays, Nationwide, Lloyds, Halifax, HSBC, and Virgin Money, have lowered their mortgage rates.
We hope that was useful and informative. As always, our teams are here to help, get in touch with any questions about your local property market.
If securing a new mortgage or arranging a re-mortgage is important for you right now, click here to book an online consultation, our mortgage brokers are independent, and their services are free to you.
Finally, if you are (understandably) confused by some of the mixed market reporting, not least by some of the more sensational news reporting each month, click here for some independent insight into how House Price Indexes are compiled.
Sources: Rightmove, Zoopla, On the Market, Dataloft by Price Hubble, Land Registry, ONS National House Price Index, DLUHC.