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Leading Cambridgeshire, hertfordshire
and London property specialists since 1959

News

February 02, 2015

Some regions copy London price trends


Research by Savills reveals that the prices of homes in the university towns of Oxford and Cambridge, as well as in burgeoning communities in Bath and Aberdeen, have a stronger correlation with movements of the London property scene than with the region in which they are located. In Cambridge between 2010 and 2014, for example, house prices grew by 35%, compared with 15% in the east of England, making it closer to London, which experienced 40% growth. Neal Hudson, of Savills, said: “Over the past four years there has been a wide divergence of price growth at a regional level…a regional average also hides a wide divergence in price growth, and some local authorities actually behave more like regions other than the one they are actually located in.”