So what is happening to house prices in our area?

As a company we cover Bristol, Bath, Somerset and Wiltshire. It is a diverse area in which market conditions vary significantly. As always supply and demand will determin the price of houses and flats. Property values are weak and falling in areas affected by business closure and where there is excess supply of property. These two factors are often related as job loss can often lead to reposession with properties coming to the market at relativley low prices. This is clearly the case in parts of Bristol, Swindon and some Wiltshire towns. On the other hand there are the obviously desirable parts of Bath (central and to the north of the city) and Bristol (Clifton, Redland, Henleaze, Westbury on Trym) where supply is restricted, demand remains strong and prices stable. Southville in Bristol continues to prove very popular with agents reporting brisk business. In summary therefore a mixed picture and one in which property prices are not expected to rise and are falling in some areas.