CAMBRIDGE, UK PROPERTY price trends

Cambridge's property market has experienced notable trends in recent years, reflecting both price adjustments and shifts in demand. Below is a summary of the current trends and key statistics:

Current Property Prices (2024-2025)

• The average property price in Cambridge is approximately £453,000, with a median price of £390,000. Over the past year, average prices have declined by 4% (£18.9k)1.
• Newly built properties are priced higher, averaging £496,000, compared to established properties at £451,0001.
• According to Rightmove, the overall average house price in Cambridge over the last year was £561,051, with most sales occurring in the £300k–£400k range8.

Price Trends

1. Annual Decline: Property prices in Cambridge have seen a slight decline recently:
   • A drop of 4% in average prices from 2023 to 20241.
   • Sales volumes also fell by 26.1%, indicating reduced market activity1.
2. Longer-Term Growth:
   • Over the last five years, house prices have risen modestly compared to other regions. For example, the average price increased by 17% over five years, reaching £585,870 as of late 20242.
   • Lower quartile prices have also risen by 7% over five years, reflecting growth across all property segments23.

Affordability and Demand

• Cambridge remains one of the least affordable areas in the UK:
  • The ratio of median house prices to incomes is 9.8, while lower quartile affordability ratios are even higher at 12.93.
  • Despite this, affordability has improved slightly over the last two years due to changes in income levels and slower price growth3.
• High demand persists due to Cambridge's strong economy and desirability as a place to live, but supply shortages continue to push up prices3.

Regional Variations

• The most affordable area within Cambridge is "CB9 8", with an average price of £249,000, while "CB2 7" is the most expensive at £3.6 million1.

Market Outlook

While Cambridge's property market has cooled slightly in terms of annual growth and sales volumes, it remains robust over the long term due to its economic strength and desirability. Buyers should expect high prices and limited affordability despite recent declines.