Cambridge really is a unique place to live. It is forecast to expand at the fastest pace of any UK city this year according to the Centre for Economic and Business Research. Cambridge is flourishing and the local economy is incredibly strong. Average earnings are 17% higher than across the UK.
2. Professional, Scientific and Technical Employment
The proportion of people working at professional or managerial posts is twice the national average at 27%. Professional, scientific and technical employment comprises 53.4% of the workforce and human health 44.4%. The University of Cambridge directly employs more than 9,500 people.
3. 1,500 technology companies and 57,000 jobs
Cambridge, known as Silicon Fen and second in size globally to Silicon Valley, hosts 1,500 technology companies employing 57,000 people. The new Astra Zeneca headquarters and Papworth Hospital at Cambridge Biomedical Campus will add 2% to the workforce.
Charles Cotton, chair of The Cambridge Phenomenon, talks of the unique ‘Cambridge Spirit’, Europe’s leading technology cluster began 55 years ago and now includes 1,000 technology and biotechnology companies.
4. History, Culture and Shopping
Cambridge is a really exciting, friendly, varied city. History surrounds you – University colleges, punting on the river; the central green spaces, ‘backs’ and Grantchester meadows are particularly pretty in spring and just now for a bracing winter walk!
Cambridge theatres and venues draw international actors, casts, musicians and comedians. Festivals include science, literature, dragon boats, beer, film and folk music to name but a few. University Museums of Science and the renowned Fitzwilliam Museum are close to the historic city centre.
There are more than 500 cafes, bars and restaurants, several nightclubs and cosy old pubs like The Eagle where Crick announced the discovery of DNA. Cambridge has a fantastic range of high street chains and delightful independent shops scattered along cobbled streets.
5. Continued house price growth
Cambridge has seen the fastest house price growth of any UK city, rising by 44.7% since 2007, reflective of the high demand for properties as more professionals relocate to Cambridge.
Fear not, Savills research predicts this growth in house prices will continue at a rate of 25% over the next 5 years, great news if you are looking to relocate to Cambridge in 2016!
6. Superb Schools
There are outstanding state schools and a superb range of private schools. We can share our insider knowledge with you, advise you and assist with the admissions process.
7. Commuting options
The centre of Cambridge is easily accessible on foot or bicycle, due to its flatness – indeed some 2,000 cyclists pass through the centre daily.
The guided busway is the longest in the world and links Huntingdon and St Ives to the north with Cambridge station, the Addenbrookes site and Trumpington, to the south.
In 2017 a new station for North Cambridge will open near the Science Park offering direct services to Cambridge, London and Ely. Cambridge is within easy reach of London by train; you can reach London Kings Cross within 48 minutes of leaving Cambridge, or 38 minutes from Royston.
8. Investing in Cambridge
In terms of making an investment in Cambridge, a 2 bedroom, £300,000 home in CB4 (the area around Chesterton, the new station and the science park) should see a yield of 4.3% according to Savills’ research. Given the 2 universities, Addenbrookes Hospital and international language schools, rental properties are always in high demand. Move to Cambridge will advise you of great opportunities for strong rental yields – act soon before the April stamp duty hike!
If you are a ‘downsizer’ considering relocating to Cambridge, did you know Cambridge has a life expectancy of 84.6 years for women and 81 for men? Cambridge residents are a healthy bunch, they consume the highest portions of their 5-a-day of any city outside London! There are some super new apartments and retirement home developments: contact Move to Cambridge for more information.
10. Move to Cambridge relocation service!
To learn more about areas of central Cambridge and the villages beyond and for help in finding a home in a location to suit your lifestyle and budget call Move to Cambridge for an initial free of charge consultation. 01223 290571
Sources: Savills, Hometrack, The 2011 consensus, Oxford Economics, The Telegraph.
Our knowledge of the local property market and contacts with agents, along with our efficiency and professionalism, enable us to secure sought after property for you.
Move To Cambridge will help you view a property and the local area objectively. We are proactive in pursuing off market possibilities and secret spots! We are genuinely independent and willing to spend time sourcing the right property for you.
We understand that the ‘settling in’ is as important as the property and we spend time actively researching your requirements and interests within your new locality.
Call 01223 290571 for your initial no obligation consultation.