Cambridgeshire House Prices Recover

22 August 2014, 07:18

House sellers' asking prices in Cambridgeshire have made among the strongest gains since 2008.

Property website Right Move has looked at how areas of England and Wales have fared in the years following the financial crisis.

It found the average price of a home in Cambridgeshire is now £311,933.

That is a 21.9% rise on average values in 2008.

The increase is the highest in the country outside of London.

The London commuter belt areas of Berkshire and Surrey have seen the next strongest asking price growth, recording increases of 16.4% and 16.1% respectively since 2008.

The study found prices in County Durham have the furthest to go, to reach their levels at the previous peak of the market.

Looking further north, Rightmove found that only a handful of areas have seen asking prices surpass their pre-crisis peak levels.

The figures come from a new ``house price trendometer'' tool which Rightmove has created to allow people to see how asking prices in their area have fared since the website's records started in 2001.

Miles Shipside, director of Rightmove, said: @While at a high level the South has out-performed the North, being able to dig underneath that courtesy of the millions of properties advertised on Rightmove since 2001 shows a really varied county versus county performance."

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