Rising house prices and a shortage of housing stock in Cambridge’s city centre have led to an unprecedented boom in new towns and developments around Cambridgeshire.
Cambridge’s massive success as a hub for science and technology jobs continues to send housing costs within the city ever higher, and workers are being pushed further and further out into villages and towns within commuting distance.
Property has long been a popular investment for many individuals, and it’s easy to see why; careful investment in the right place can create solid financial returns, generating high levels of income through rental yields and capital growth. This is especially the case in the UK, where an undersupply of housing in many areas has led to rapidly rising house prices and increasing rental revenues.
Cambridge has excited interest due to a number of positive indicators that suggest innovation. Here, we consider three areas that point to the city’s resilience and what this could mean for the real estate market.
Cambridge, much like its namesake city in Massachusetts, has long been at the forefront of innovation. From the reflecting telescope to the rules of soccer, webcams to IVF.
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