Homeowners in Bristol can get happier with house prices reportedly jumped 6.7 per cent last year, Bristol Post reports.
Based on Hometrack's data, Bristol's increased house prices were just behind that of London and Cambridge.
However, the price jumps could mean a tougher market for those who want to get onto the property ladder, but a welcome news for Bristol's homeowners.
With the 6.7 per cent rise in buying cost in Bristol, Hometrack figures the average cost of a house in the city to be at £242,9000
According to Richard Donnell of Hometrack:"With the focus of economic and demographic change it is no surprise that city level house price inflation continues to run ahead of UK house price growth.
"The performance of house prices across cities such as Bristol reflects the scarcity of supply and underlying demand for homes.
"Thirteen of the UK's twenty largest cities have recorded continued growth in house prices for over six years with the remaining seven registering recovery in house prices between two and four years.
"The impetus for growth continues to come from regional cities where prices are rising off a low base as household confidence improves and home owners utilise record low mortgage rates to access the market."
Meanwhile, Rightmove holds the same 6.7 percent increase in Bristol and South West house prices.
"Upwards price pressure remains, with the second-highest rise seen at this time of year for nine years," says Rightmove director, Miles Shipside.
"The early snapshot of home-hunter visits in the first week of 2016 is up by 21 per cent on the same period last year to 27.8 million visits, showing demand is not letting up either.
"Encouragingly for first-time buyers there's more fresh choice with more property coming to market in the right sector. With their asking prices pretty much the same as a month ago, perhaps the knock-on effects of the more punitive landlord tax regime have arrived early and they now face a dilemma over whether to buy now or wait to see if prices drop in this sector over the next few months."
He also offered advice for first time buyers.
He said: "Perhaps because of the increased competition among sellers and a keenness to attract buy-to-let investors before the April deadline, prices have hardly increased month-on-month for properties with two bedrooms or fewer.
"In this stock-starved era it will come as a relief to first-time buyers that their negotiating power may already be improving because the forthcoming tax changes, and there is a window of greater choice as more owners of smaller properties try to sell.
"Rather than waiting until later in the year, having a good look around now while choice is up and interest rates remain unchanged could get you onto the ladder sooner and at an acceptable price.
"For several years buy-to-let investors have been enticed by high tenant demand and attractive returns, but as their window of opportunity starts to close it already appears to be opening wider for first-time buyers."
