Why Oxford is The Best Place to Live in the UK?

Patrick Kennedy
Patrick Kennedy
2 min read

There are many more reasons for Oxford’s ranking as the UK’s number 1 place to live and work in the UK for the fourth year running than meet the eye. The annual report, by PwC and Demos, takes into account factors such as jobs, education, the environment and health, and as Oxford is, if not first, consistently very near the top in these areas countrywide, it makes sense that it ranks so highly. However, even these impressive statistics don’t tell the whole story or paint the entire picture of what living in Oxford is actually like.

 

Oxford-University-Oxford-UKOxford University

 

Although Oxford is famous for its university, in recent years it has become an economic boomtown, attracting established firms as well as entrepreneurs. The combination of a ready supply of graduates, a convenient geographical location, excellent transport links and a high standard of living have contributed to Oxford becoming an excellent place in which to do business. More and more Oxford graduates are deciding to stay on in the city after completing their degrees, rather than moving on, as there are so many jobs available in a variety of knowledge based sectors.

 

As the population grows so, of course, does the need for new housing and Oxford has many developments that have recently been finished or are near completion. The diversity of Oxford’s demographic is reflected in the new-builds that are going up in and around the city. Many of them, like Mosaics in North Oxford or Heyford Park a few miles further out near the lovely village of Bicester, feature a variety of homes for the myriad of different household types moving into the city, from modern one bedroom apartments for single professionals to spacious detached houses for families.

 

It’s no secret that Oxford has a shortage of affordable housing. The combination of very low unemployment (Oxford ranks 52nd in the country out of the 55 largest towns and cities) and a strict council that has been infamous for granting permission to only a few developers the right to build each year has led to an influx of people and a dearth of places for them to live. Fortunately, the council has realised that it is only harming the economy and has now relaxed its attitude towards new housing, meaning that Oxford will become even more attractive as a city in which to settle in the future.

 

Oxford certainly isn’t cheap, though. With house prices that keep pace with London, Oxford is number one on more than the best place to live list, it is also the least affordable city in which to live. Why then, when it is so unaffordable, is it so desirable to settle there? One reason is that although houses aren’t cheap, they retain their value much better than in other British cities, including London. Another reason is that it’s just a fantastic place to live. Oxford seems to have everything for everyone… it’s a beautiful, peaceful and safe place for families, with some of the best schools in the country; it’s a lively and vibrant place that attracts young people; and it’s an incredibly picturesque and endlessly fascinating famous and historic city. That’s why anyone who can afford to is making their way to Oxford, and with more and more houses being built, now is definitely the right time to think about setting up home in this ancient and stunning city… before it’s too late.

Leave a Comment
Recent Articles
Subscribe


Sign up to receive the Propeterra's newsletter and exclusive property news and updates. You can unsubscribe at any time by clicking on the unsubscribe links in our emails.

 

 

posts by tag

See all

Market Cover_Emerging Markets-1

 

Market Cover_Frontier Markets-1

 

Market Cover_Special Situations-1-1

 

Market Cover_Developed Markets-1

 

Recent Articles

3 minutes read

Mongolia’s Active Diplomacy in a Post-COP World

In November, Mongolia celebrated sixty years as part of the United Nations (UN). For many countries, this means little, as such milestones, by definition, come and pass on a regular basis. It assumes greater importance for Mongolia, though, given the particular geopolitical framework it has to work with. By dint of geography, this vast country has an unusual position. In a strategically important location between Russia and China, it is relevant to not only its own prosperity but also the broader world. Since independence, Mongolia has tried to maintain constructive relations with those it shares borders, but also to project beyond North Asia. Its successful third neighbour policy, takes in partners from South Korea to Japan, India to the United States.

Mongolia

4 minutes read

Investing in Good or a Good Investment?

How can we judge the environmental impact of property development?
‘Sustainable’, ‘green’, ‘eco-friendly’, ‘ethical’: too frequently seen as - and
used as - zeitgeisty buzzwords to allay any discomfort investors may feel
over looking for the next most profitable venture. But anyone with even
half an eye on the news and weather reports can see that environmental
sustainability can not be merely an optional consideration when planning
developments or deciding where to invest – especially when it comes to
real estate, given that almost 40% of carbon emissions are from the built
environment. But in a world with such interconnected systems and
ecologies, how can we predict impacts that may be surprising and far
reaching?

AidData, a research lab at the College of William and Mary, Virginia, has
been developing the technology and resources to do just that. Their team
includes economists, political scientists, geographers, developers,
program evaluators, policy analysts, and communications professionals,
and they work with 21 different countries in Asia, Latin America and
Africa, using data and hard evidence to improve policy and development
outcomes, helping policymakers to move towards the UN’s 17 Sustainable
Development Goals.

Using satellite, household survey, economic, health, and other spatial
data, along with machine learning analysis and super-accurate data on
geographical boundaries, AidData have created various tools to analyse
the impacts of various development programs, and to predict whether
similar programs would work in other locations. Their Geospatial Impact
Evaluation methods enable fast and rigorous analysis of outcomes for
localised development projects, replicating the standards of a randomised
controlled trial. Development agencies and governments are able to very
quickly discover whether some certain infrastructure project, for example
irrigation systems or village road improvement, had the desired effect on
outcomes like infant mortality, poverty, or deforestation. The highly
localised and granular data can also show whether outcomes are uneven
from region to region, allowing more targeted development in future.
Is there a way we can apply the same rigorous impact-analysis to our
small-scale investments that AidData is enabling international
development agencies and world governments to apply to their
investment in aid, infrastructure, health, and other initiatives?

Environmental, Social, and Corporate Governance are becoming ever
more important criteria when analysing an investment’s risks and
opportunities. In many emerging markets such as Malaysia and Indonesia,
the Islamic finance sector is growing more and more influential too, with
its strong alignment to ESG principles. Propeterra is looking at ways to
adapt the Geospatial Impact Evaluation methods created by AidData and apply them to affordable and social housing projects in emerging and

Social Impact

4 minutes read

Addressing the Global Affordable Housing Shortfall

 

Housing Crisis