Property Prices And New Homes In Cambridgeshire

Property Prices And New Homes In Cambridgeshire

In the UK, regional property prices can vary enormously depending on where you are in the county. This has been particularly noticeable in the last eighteen months that has seen a stagnation and faltering in the UK property market.Property prices for a new home in Cambridgeshire can also vary, especially with the type of property that is being sold and purchased. During the last year in February 2010 to February 2011, the property for prices in new homes in Cambridgeshire has actually risen slightly. For semi-detached and terraced new homes, prices have increased by 2-3% overall. The most dramatic rise are flats that are being sold, which an enormous increase in price of 20% in one year. The reason for this maybe that although there are more than double the amount of flats on the market compared to a year ago, the prices have increased greatly because there are more buyer than sellers and therefore sellers have increased their prices. Another factor could be because mortgages are increasingly difficult to get from mortgage providers and buyers are having to put down a much larger deposit. So the buyers who may have proceeded to buy a new house in Cambridgeshire can only afford to put a deposit down for a flat. At the higher end of the property market and if you are looking for a bargain, then a five bedroom new home in Cambridgeshire are offered at good prices. The prices for these properties have actually fallen slightly by around three percent during 2010. This could be caused by not as many first-time buyers buying as before and less people moving up the chain. During 2010 and 2011, there has been a steady number of new developments in Cambridgeshire that are well priced and offer great value to buyers. A range of initiatives are also being given away to potential buyers by home builders. Many properties have been built by well known UK home builders who offer buyers a range of designs for a new home. Purchasers can also select a good range of areas within the county, whether close by to a busy town or in the countryside. Property prices for new developments in Cambridgeshire can vary depending on where the development is and the size of property. Prices are reasonable, whether it's a two bedroom flat, terraced house or five bedroom home, and buyers could well negotiate on incentives given by house builders given the current property market and the need for house builders to sell their stock.

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