Prime university city homes come at a premium
In top university cities, higher-than-average house price growth is making it challenging for talented graduates to stay in the area and work locally. In the period between 2009 and 2018, house prices have risen a massive 76.3% in the capital, 73.4% in Cambridge and 66.8% in Oxford. This represents growth 25% higher than the national average4. On a longer-term basis, it is feared that the lack of affordable housing could negatively impact further economic growth. There is a call for local plans for higher density development and to include homes for key workers.
4Bidwells, July 2019