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The university town of Cambridge is not just the administrative center of the Cambridgeshire County in England. It is also an important and notable property market in the region. Located in East Anglia, north of London, Cambridge is more than just an education center. Its rental properties are diverse and are highly attractive that other than students, many young professionals and families dream of living in the city’s skirts.
To begin with, Cambridge is most famous for its bustling and highly historic university town status. It is a picturesque city that is pulsing with youthful vibrant atmosphere. The city is also among the major settlements in East Anglia, along with Norwich, Peterborough, and Ipswich.
The population of just 120,000 gets all swelled up when thousands of students come in to enroll at University of Cambridge, among England’s and the world’s oldest universities. The prestige of the education center makes it more than just popular. To date, it is considered a premier education site. Commonly, in areas where university population is thriving, the rental property market in Cambridge is very strong. Around the university could be found many investment properties that are made as flats, apartments and shared accommodations for students.
Aside from education, some other industries help keep up the city’s economy. Since the 1970s, Cambridge has emerged as an important technology hub, making it the ‘Silicon Fen’ a name that is obviously an allusion to the modern world’s Silicon Valley, a center for IT industries globally. The buoyant technology sector in Cambridge could be cited for the residents’ higher-than-average revenue.
The climate is also a good factor property investment buyers are considering. The Cambridge investment property market is bolstered by the fact that the city has a typical climate that is similar to that prevailing over other southern England cities and towns. The area has among the driest climates in all of the United Kingdom. Summer is hottest at 21°C, while winter is coldest at freezing 0°C.
Because of the rising student population who are mostly commuters, it is just logical that Cambridge has a very reliable and convenient transportation system. Rail links are directly connected to Liverpool Street and King’s Cross stations in London. Regular transport services also run going to Stansted Airport, Ipswich, Kings Lynn, Birmingham, and Peterborough. M11 and A14 motorways are also linked to ease the intensifying vehicle congestion within the city center. It is not surprising that within Cambridge, cycling is not just a recreation but also a form of practical transportation because as mentioned, main streets are getting more congested.
As mentioned already, there is a great concentration of rented properties in Cambridge. Investment property clubs rave about this. Very rarely could you find discount property units sold at below market value, but they are not impossible. Cambridge investment property market for residential purposes are mostly dominated by flats and semi-detached homes for obvious and logical reasons. Through the years, many investors and buyers of properties come to settle at Cambridge, even if they are not part of the academe.
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