Huntingdon and Cambridgeshire are currently undergoing a property boom, with the number of properties being developed in the county increasing and house prices almost doubling over the last year. With Huntingdon and Cambridgeshire seemingly becoming a more desirable place to live, Charles Wilson Engineers Ltd explores why people are flocking to the East of England, and explain how their collection of plant and tool hire equipment can be used to aid the development of these properties.
According to a new UK study, top end house prices in the region of Huntingdon and Cambridgeshire have doubled over the last year. Huntingdon and Cambridgeshire are also seeing a number of new properties being developed, in order to cope with the demand of buyers from those commuting to London.
Why Huntingdon and Cambridgeshire?
One of the main reasons as to why house prices in this region have increased, and why many property developers are choosing Huntingdon and Cambridgeshire as a place to build, is due to the job opportunities in the area. A number of multinational corporations and pharmaceutical organisations are situated in the business hub of Cambridge and the surrounding areas, meaning that areas with good, clear transport links to Cambridge are seeing a spike in house prices.
As well as easy transport routes into London, property developers and local councillors are putting the wheels in motion for a number of building projects in an attempt to cope with the demand of commuters. With house prices increasing in correlation to the proximity to London, commuters are looking to purchase homes in surrounding areas, such as Huntingdon and Cambridge, that have direct links to the centre of London. With clear routes into London via the M11 and A10, Cambridge has been identified as a viable place to live for workers in the capital.
Potential buyers may be deterred by the increasing house prices, however. With more demand for homes in these areas, the region of Cambridge and Huntingdon has seen house prices rise to costs between £300,000 and £700,000. With the CB11 area as an example, the average house price came in at £215,000, whereas latest average house price figures for the same area have now increased by 156% to £550,000.
Contractors and property developers working on these areas are hopeful that new projects will be able to cope with the demand, however.
Charles Wilson Engineers Ltd – Huntingdon
In order to cope with this increase in demand, Charles Wilson Engineers Ltd in Huntingdon have a variety of industrial grade machinery and tools available for hire. To find out more about all of our plant and tool hire availability, contact Charles Wilson Engineers Ltd – Huntingdon today on 01480 276 240 or leave us a message via our online contact form. Alternatively, if you are in the region of Huntingdon and Cambridge, visit our Huntingdon depot on Glebe road, Cambridgeshire.