This Saturday will see the life line of London, the River Thames, become the battleground for one of the oldest sporting rivalries in the country, as Blue Boats from both Oxford and Cambridge take to the river for the annual boat race. This will be the 161st time the two universities battle it out, having first clashed oars in 1829, with the race running year on year since 1856.
The annual event still attracts 250,000+ people to the banks of the Thames, with 15 million watching it on TV. The course stretches along 4.2 miles of river, starting in Putney and culminating in Mortlake. Cambridge has the edge when it comes to winning, but Britain’s favourite online estate agent, eMoov.co.uk, has taken a look at how the two stack up in the UK property market.
Oxford has been given the undesirable accolade of Britain’s most unaffordable spot to buy a property, with a property price to earnings ratio even worse than the capital*.The average house price in Oxford is currently at £445,328, nearly £32,000 more expensive than Cambridge, although both are around double the national average*. House prices in Oxford have risen by 16% to Cambridge’s 15% during 2014. This said since 2012 Cambridge has enjoyed a rise of 29% to Oxford’s 18%. However historically, Oxford has fared better climbing to 32% over the last decade, whereas Cambridge has only seen a rise of 22% since 2005*.
This difference is reflected in eMoov’s latest Property Hotspots Index as Oxford has slumped to 35%, a drop of -21% since the December Index. In contrast Cambridge is flying high with a current demand percentage of 66%, making it the second hottest spot in the UK.
eMoov can sell your property from £495+VAT. If you’re looking to sell why not give us a call on 0333 360 0699 and we can save you thousands of pounds in fees.