Buying a property in Oxford

Oxford in Southeast England has real estate as among its prime industries. This is not surprising as many investors and property buyers find it appropriate, attractive, and profitable to secure and buy investment properties in the area. Oxford investment property market has been characterized by increasing prices as many people still aim to take property investment units in this beautiful city.
It seems that modern life comfortably meets history in Oxford and it impacts on the tag prices and valuation of investment properties in the area. The city is well known as a picturesque combination of cosmopolitan atmosphere and vintage architecture. Poet Matthew Arnold describes Oxford as a ‘dreaming spires city’ because of the harmonious architecture of the university buildings in the area.
The robust economy is among the major reasons why Oxford investment property is booming. It follows that investors are putting in their investments into properties that are located in ideal areas, where valuation is always rising and attractive yields are common. The city relies on active education, retail, and manufacturing industries to feed and fuel its economy. The unemployment rate could be high at 6.1%, but could still be considered minimal compared to other important and popular British cities.
The city is home to broad range of schools, which lure pupils and students from all over the world. There are two major universities, the Oxford Brookes University and the University of Oxford, the oldest English-speaking university in the world. Mixed university population reaches about 40,000, almost a third of the entire city population of 151,000 (as of 2007 estimate). The student population helps make the rental market thriving and continuously growing. East Oxford is where most discount property units are available at below market value. Parents of many students take cheap investment properties in the area for their children.
Oxford investment property market is more ideal and attractive because of several other important factors. The maritime temperate climate provides a different and luring attraction for property investors. Rainfall consistently falls specifically during the months of September to November. Summer brings about high temperature of about 21°C while winter is coldest at about 1.5°C.
The public transport system could also be an important factor. It is considerably smaller compared to transport systems in other larger cities and towns across the UK. There is a direct train going to and coming from London at least every 30 minutes, facilitating for more convenient and simple commuting enjoyed by Oxford residents. There are also buses and cabs available for further transport convenience. The nearest airport is London’s Heathrow.

Oxford investment property market is dominated by Victorian and Regency style terraces and semi-detached homes. There is a rising number of newly developed apartments and flats across the city. This is logically due to investors’ goals to secure faster and higher yields through the rising demand for such properties. Expensive property investments are also available, but the more affordable and practical ones are more common and immediately available. It is the best time to buy a property investment now as prices keep on rising despite a global financial downturn.