Residential Market Update
The pandemic years have seen intense demand for homes in Cambridge, across both sales and lettings. However, leaving aside the unique Covid-19 period, the city’s residential market had already been undergoing a period of change.
Over the last five years 1.2 million sq ft of office
and laboratory floorspace has been added to the Cambridge cluster, bringing with it a growing high skilled scientific and technical workforce.
This ongoing structural shift in the Cambridge economy is having inevitable knock on effects to the city’s housing market. Ongoing recruitment across the city’s science and technology sector, including AstraZeneca and Arm is placing intense pressure on the limited stock available. Demand has outstripped the supply of new, second hand and country homes for sale, while the rental market has seen record rates of rental growth.
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