Today’s Property Market in Bath 

Bath has been a touristic attraction in the UK for hundreds of years, but over the previous decades, it has become a phenomenon in terms of property investment opportunities. Why? Because it brings together a few key features that tenants and property owners often prioritize. For one, Bath is located just over one hour away from London by train, but is host to homes and flats that are significantly more affordable than in the capital city.

This has generated a wave of interest on behalf of people who work or study in London, but who cannot afford or do not wish to pay rent there. As a result, the property market in Bath has been steadily growing and, according to most predictions, will continue to do so in the foreseeable future. How the Property Market Has Changed in Bath To give you an idea of how the property market has changed in Bath over the previous couple of decades, consider that most locals are now having a difficult time buying homes or even renting. Just in 2018, two-fifths of the properties sold in Bath were purchased by Londoners.

Only during the first half of the year, 30,000 homes were bought by people who used to live in the capital city, a number that has risen by 61% compared to one decade ago. These employees and students preferred Bath in the detriment of London for a couple of reasons. More affordable accommodations made the smaller city an obvious choice for them, but even those who were willing to spend more preferred Bath because they could get better properties for the same cost. In addition, many of them stated that, while they did appreciate the "buzz" of being in London, they also felt the need to disconnect, especially on weekends. Bath, with its serene, rustic views, its Unesco world heritage status, and its thermal waters, is the perfect place to be in this respect. Predictions for the Future The incoming wave of property investors coming from London has clearly determined a rise in the prices of homes in Bath. Indeed, not only are houses and flats more expensive, but they also go for more when they are let by owners.

At this point in time, you can still acquire a modest home in Bath for around £450,000, but this is expected to change in the near future. It is, in other words, a better time to invest now than it will be a decade later. The developing property market in the region has not yet shown signs of slowing down so it is more than reasonable to assume that the home you buy today will increase in value over the course of the years. Of course, as with any investment, a variety of factors contribute to the ultimate outcome. To have a more thorough idea of what your money can actually buy, you should consult a local estate agent with enough experience in the field to give you accurate information. For example, you could better understand the property climate in Bath with help from Bath estate agents Pritchards, who have worked with homes in this region for several decades.

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