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Cambridge Residential Rental Market Report Spring 2024

Oxford Economics forecast a rapid decline in the bank rate this year and next, ending 2024 at 4% and 2025 at 3%.

04 Jun 2024 3 Minute Read

Q1 was a mixed economic bag with GDP growth sluggish (0.1% February estimate), a cooling labour market and a slight rise in mortgage rates despite a reducing headline CPI (3.2% in the 12 months to March). The base rate stayed at 5.25% and there is increasing pressure on the Bank of England to start reductions.

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Cambridge, Residential Office

Alex Bloxham

Partner, Head of Residential Lettings

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