House prices in Cambridge are up astonishing 34 per cent over the last five year, significantly outperforming the rest of the East of England in the property market.
A recent report from Norwich and Peterborough Building Society has shown that house prices in Cambridge have soared over the last five years. Property values in the area are almost 20 per cent higher than the rest of the region, which rose at a significantly lower rate of 9.4 per cent over the same five year period. The report also showed that the increase in property values was seen across the board, and applied to all property types purchased in the Cambridge area.
Flats in Cambridge saw the largest price increase, now at an average of £266,207 – an average increase of 39.7 per cent, while the average property value for a detached house rose to £593,750, up 35 per cent from five years previous. The report comes amid Prime Minister David Cameron’s pledge for 200,000 affordable new starter homes by 2020. Andrew McPhillips, economist for Norwich and Peterborough Building Society, commented on the report, saying: "Cambridge is hugely outperforming the East of England in terms of house prices and has had a steady influx of new build properties, particularly for flats."
Light Mirrors, supplier of luxury bathroom mirrors takes a keen interest in reports on property values and new houses across England. A spokesperson for the company commented on the story, saying: “This report is a great reflection of Cambridge’s success during the economic turn down, and it’s good to see pockets of great economic recovery. Indeed, this is fantastic news for anyone looking to sell property in Cambridge.”
“There are many ways to increase the value of your home and property. You don’t need to spend thousands on expensive renovations, either – something subtle yet luxurious such as bathroom mirrors with motion sensors, ambient lighting and particularly mirrors which dentist, ready for you to shave after your shower, add fantastic value to your property without breaking the bank.”
Light Mirrors is a Devon-based supplier of self-lighting luxury bathroom mirrors and cabinets. With over a decade of industry experience, they have expanded to offering international shipping as far afield as Australia and the USA. They are proud to say that all of their mirrors have been designed in the UK since 2001, and bear the eKomi Seal of Approval.
Light Mirrors is a registered copyright of South West Lighting Limited.
This press release was distributed by ResponseSource Press Release Wire on behalf of Light Mirrors in the following categories: Home & Garden, Personal Finance, Construction & Property, for more information visit https://pressreleasewire.responsesource.com/about.