- Hits: 2293
The average cost of a home in Cambridge is more than 50 per cent greater than it was at the crest of the global financial crisis.
New figures released today reveal the city is not only among the most expensive in the country to buy a home, but that the cost of the average home is rising quicker than almost anywhere else.
Last month the average Cambridge property would set you back £397,000, an increase of 13.6 per cent on the same date last year.
The figures, compiled by the Hometrack UK Cities House Price Index, show Cambridge is second in the property stakes only to London, where the average property costs more than £460,000.
While many British cities saw a dip in the property market following the global recession, which began in 2007, Cambridge has remained resurgent – with prices rising by 50.5 per cent since their pre-crash peak.