Renters 'stuck' in Bristol's booming property market

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Renters 'stuck' in Bristol's booming property market

Bristol's skyrocketing property market is leaving increasing numbers of people "stuck" in rented accommodation, according to a mortgage expert.

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Average house prices in the south west rose by 12.9% to £308,497 last year while Bristol's average price was even higher at £363,674, according to website Zoopla.

Financial advisor Samuel Gee said Bristol had a "clear lack of housing".

The city's council said "out of control rent prices" need addressing.

On Friday, the government released its "Fairer Private Rented Sector" White Paper which it claimed seeks to "fundamentally reform the private rented sector and level up housing quality in this country".

Its ambitions include abolishing "no-fault" evictions, ensuring private landlords adhere to the Decent Homes Standard and introducing a housing ombudsman covering all private landlords.

Bristol's mayor Marvin Rees and the council's lead for housing Tom Renhard have welcomed the proposals but warned that more needs to be done to secure protections for renters and tackle out of control rent prices.

They spoke as Mr Gee claimed that properties in Bristol are often sold for higher than their asking price, creating "hysteria" in the market and a false sense that values will continue to rise.