Cambridgeshire

Here’s a fun peek into why summer is the busiest time of the year in the rental market and what that means for everyone involved.

The engine of Cambridge, the innovation businesses that create jobs, local incomes, in-migration and ultimately the need for new homes requires fuelling up.

After peaking in the second quarter of 2022, the average price of a new home in Cambridge today continues its steady decline in value. Over the last eight quarters the drop is 10.6%, or £60,000 in hard cash. The equivalent cost of the Tesla Model Y.

There has been much valuable comment in the last week following the election on the implications for housing. As policy emerges though, the fundamentals for an investor stand true – the relationship between income and capital growth.

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

Our City residential team choose the things they love most about Cambridge in our regular blog series. Robert Couch talks us through how Hills Road stands out as the perfect area of Cambridge for young professionals and families.