Bristol Is Thriving In The Current Economy
The present economic outlook makes for grim reading for most of the UK. However, there are always areas that exceeded expectations and Bristol is a city that appears to be on the up in 2013.
While archaeological results indicate that there has been life in the Bristol region for around 60,000 years, most historians date the town of Brycgstow back to the year 1000. During this century, the town made a number of prominent steps forward, producing its own coins, an indicator of a popular trading hub and in helping to defend England from an attacking force from Ireland.
The close proximity to Ireland was a major factor in Bristol becoming an integral English port, with ships regularly setting off to the Emerald Isle and Iceland. In the mid-1500s, the abbey of St Augustine was renamed Bristol Cathedral, an act that is synonymous with the town being granted the status of a city. This commenced with the foundation of the Diocese of Bristol in 1542. Further growth came in the 1700s and 1800s where the prominence of the port in Bristol ensured regular trade was sent out to the colonies of the Empire.
The University of Bristol was established in 1909 and prospered when the main building opened in 1925. Bristol suffered greatly during the Second World War and in the 1960s, there was a large amount of renovation and town planning work carried out in the city centre. Like much of the architecture of the era, many of these buildings have not aged well and have been subsequently replaced already.
The city of Bristol itself is said to host a population of around 400,000 and the wider LUV (Larger Urban Zone) is estimated to have more than 1 million residents. Bristol is the sixth most populated city in England and it is the eighth overall in the United Kingdom. This makes Bristol one of the important sectors in the country and this can be seen in its classification as a Core City and with the diversity of businesses found within the city.
Best place to live in Bristol
One of the best things about Bristol is that there are a number of stylish and attractive places you can live, including:
- St Andrews
Clifton is generally considered to be the prettiest and most stylish shopping district in the local area. There are numerous boutiques and independent traders offering a wide range of food, furniture, fashion, gifts, art products and jewellery. Set amongst the historical Georgian architecture, a Clifton shopping experience is second to none. With plenty of bars and restaurants and the stunning Clifton Suspension Bridge located close by, there is no shortage of activities and sights to enjoy in this part of Bristol. Bristol City Council also recognise the importance of entertainment for teens and children, as such they have built numerous skate parks around the city to give youths an activity to do that they are interested in, with the growing scooter craze it fits perfectly with their needs.
Housing Market information
The latter half of 2013 has seen Bristol benefiting from a boom in the housing market. This boom has led house prices to revert back to their high levels from before the market crash. With a limited amount of properties on sale, mortgage providers reopening their services to first time buyers and attractive interest rates, there has been a rise in demand to live in many Bristol areas. Areas of the city such as Clifton, Southville, Bedminster and Bishopton are said to be at the top of the list when it comes to demand for property. The average cost of a house in Bristol, according to 2013 ONS statistics, comes in at around £210,949 while the average cost for a semi-detached property is slightly higher at £258,114.
Business and economy in Bristol
In recent years, Bristol has been cited as one of the best UK areas to live in, particularly outside of London or the South East. A large part of this stems from the low level of unemployment and the fact that the local economy is considered to be very stable. A large factor in the success of the Bristol economy stems from the fact that many people are employed in the finance sector.
Another point is the addition of persons taking up business online, anything from ecommerce (online retail) or blogs that generate income, Bristol has lots of entrepreneurs making a living online using various techniques and skills to get ahead of the competition, one technique being employing a good search engine optimisation specialist to boost a websites rankings and bring in more customers and business to the particular site. This means companies in Bristol have a bigger market reach and don’t have to solely rely on local business.