Bristol is both a city and county, located in Southwest England, roughly 120 miles from London. It’s a growing city, with nearly 500,000 residents and various links to major areas across the country.
Throughout the years, Bristol has undergone a series of changes, and emerged as a popular city for students and young entrepreneurs to reside in. While it remains a place rich with culture and influences from the past, the urban development that is ongoing within Bristol has helped redefine it as a profitable city- with an economy built on modern markets surrounding creative professions and technological developments.
Bristol: The Benefits of Urban Development
Bristol is a prime example of how urban development, and redevelopment, can benefit a city. The local government, during Bristol’s development, ensured that points of interest and places of heritage were preserved- leading to an urban landscape littered with historical hot-spots. Bristol’s famous docks, for example, are now an integral component of Bristol’s cultural centres.
By bringing industry into the city, and developing it through better transportation; less saturated housing markets and affordable office spaces- Bristol also encouraged the development of various educational establishments. The principle universities, University of West England and the University of Bristol, are two one of many schools and colleges located within the Bristol area.
Both the schools and the city itself draw thousands of tourists to the area each year. Bristol regularly tops many lists, encouraging visitors worldwide to soak up the history and culture of the city. The rising rate of tourism further contributed to the urban development of the city, and the revenue generated through visitors is a key contributor to major changes made throughout Bristol.
Bristol’s Rising Economy
As with any urban development, the biggest challenge for cities undergoing transitions is ensuring that the economy responds positively to the changes. For Bristol, development proved key to boosting the economy.
Prior to its urbanisation, many centuries ago, Bristol was a town reliant primarily on trading through various local markets. As it became modernised, and moved into the 20th century, it became increasingly more dependent on shipping and exportation through its port. Unfortunately, the increasing number of ground and air transportation made available in recent years led to the decline of the Bristol economy. It wasn’t until its urbanisation that Bristol finally made a comeback, and began to positively impact the national economy once more.
Today, Bristol sustains itself through a wide range of industries. The Ministry of Defence moved its headquarters to Bristol in the 1990’s, and this generated a lot of new employment opportunities for the county. Nearly 9,000 employees are based in Bristol, thanks to the Defence headquarters, and new positions are regularly becoming available.
The city is also noted for its thriving IT industry, and for offering creative opportunities to emerging artists and musicians nationwide, who struggle to find work in larger financial cities such as London or Birmingham.
A Guide to Bristol’s Housing Market
Bristol fares well compared to other cities in Southern England. House prices in the area are significantly lower than London and cheaper than many towns along the coast, although the costs are increasing at a rate that exceeds many other cities in the country.
Despite the lowers costs, however, property prices have increased significantly throughout recent years. This is in line with the national trend. For example. while smaller, terraced houses averaged at around 190,000 GBP in 2007- the average price in 2016 stands at 240,000 pounds. The city average, as calculated by various organisations, was estimated at 250,000 GBP in late 2015.
As with most English cities, there are varying types of property on offer, and different areas of the city that cater to specific needs. However, with some exceptions, Bristol ranks as a relatively safe city that is particularly accommodating to younger people and students. It also has a positive healthcare community.
If you should like to buy or rent property in Bristol then prices are definitely on the increase, you should seek out expert advice in the form of a local estate agent like Boardwalk Property Co or a letting agent like The Letting Game, who both know the area very well indeed.
Forecasting Bristol’s Future Development
As with most cities in the country, it’s difficult to forecast the future of Bristol, particularly in terms of its urban development. As the technology industry expands, the city is set to become increasingly more urbanised, as most IT driven cities are.
Tech companies have a tendency to generate more high paying jobs, more financial interest and contribute to the rising cost of living. As bystanders, most experts can only speculate that Bristol will become an increasingly more urban city that thrives on youth and emerging industries.
In the meantime, Bristol’s urban development remains a key contributor to its success. Bristol has remained one of the most populous, and popular, cities in England and certainly in the South West- primarily because its an urban hot-spot that caters to the younger generation.
The surrounding area is certain to be affected by developments, and many local experts are hoping that Bristol’s successful urbanisation will have a positive impact on the surrounding coastal area- which receives significantly less funding and generates much less interest than the city of Bristol.
Nonetheless, Bristol stands as an excellent example to other cities across England and the UK, looking to increase their economy and improve their communities through urban development.