Bristol's house price boom is creating unprecedented demand for part-buy part-rent homes, according to new research by the city’s shared ownership experts.

With an average house in Bristol now costing seven times a typical worker’s salary, Sovereign Housing Group has been inundated with enquiries about part-buy part-rent opportunities.

In the last year, more than 1000 have joined our waiting list, and hundreds more are expected this summer alone.

Marketing Coordinator Amy Garrett says: “It’s clear that many people have reached the threshold of affordability, and are turning to part-buy part-rent as the next best option.

“Even on our latest development of apartments at Anchorpoint, Harbourside, the phones have been red hot, before we’ve even started marketing them.

Sovereign is working with developer Crest Nicholson on Europe’s largest dockside regeneration project at Harbourside, Anchor Road, at Canon’s Marsh.

Along with the 24 high-spec apartments to part-buy part-rent with Marketing commencing now, potential buyers are also being drawn by the range of bars, restaurants and shops at Harbourside.

Amy adds: “We get people from all walks of life, but the trends suggest a big increase in young couples and individuals working in offices who are unable to afford to purchase a property on their own and who do not want to pay rent to a private landlord.

www.sovereign.org.uk/anchorpoint

Published 26 July 2007
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