
Despite the housing slowdown, "Cambridge is bucking the national trend" in terms of opportunity for landlords and property investors.
That's according to
Agreement Magazine, the specialist bi-monthly journal of the Association of Residential Letting Agents. The publication goes on to say how: "Cambridge has consistently bucked the national trend, with strong tenant demand and a balanced supply."
The author of the article, which appeared in the November edition of the magazine, continues: "While better known for its medieval colleges than its world-class business parks, Cambridge really does seem to have a lot going for it in terms of the private rented sector.
"… The student demand is underpinned by the Cambridge phenomenon of the growth of science parks and research centres… Cambridge also boasts over 1,500 hi-tech firms which include high-profile companies such as Microsoft and many pharmaceutical companies of the ilk of Pfizer, which has just announced expansion plans. Then there is the busy training hospital of Addenbrooke's, which is also growing, largely via a new 'Medipark', and like the university, is a major local employer."
The suggestions are backed up by think-tank Centre for Cities, which published a recent report citing Cambridge as one of the country’s best-placed cities to bounce back from the recession in general. Dermot Finch, chief executive of Centre for Cities, told the BBC that Cambridge, alongside Edinburgh, Brighton, Reading and Milton Keynes, had "all the right ingredients to succeed", adding: "They have strong private sectors, high levels of entrepreneurship, highly educated workforces and large shares of knowledge-intensive jobs."
You can read the article (to which Accent Property and sister company,
Chard Robinson Property Investment, contributed content) in full by downloading it below.
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