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Cambridge, Edinburgh and Bristol are the top three cities in the º£½ÇÊÓƵ for residential property investment, according to a new report.

Bristol ranked highly due to its strong economy, skilled and educated workforce, house price growth, strong rental yields and low level of income inequality, the report by global commercial real estate firm Colliers International found.

The Top º£½ÇÊÓƵ Residential Investment Cities report placed the city just behind Cambridge and Edinburgh, which took the two top spots.

The firm compared key cities from the º£½ÇÊÓƵ against 20 indicators in the four the main areas of economics, property, education and liveability.

Jo Edwards, head of South West and Wales office of Colliers, said: “Bristol is a beautiful and vibrant city, with a cosmopolitan waterfront and an array of attractive green spaces. It is renowned for its creative scene, and a flourishing foodie culture.

“An ambitious regeneration project will bring a new £300m University of Bristol campus to the heart of the city in 2025, as well as a new 17,000 capacity arena scheduled to open in the north of the city in 2024.

"We are seeing a range of residential opportunities and developments coming forward for a variety of accommodation, and complementary commercial space.”

Andrew White, head of residential at Colliers, said residential investors were often attracted to the big-name cities, but the firm's analysis offered a "wider perspective".