New figures reveal surge in East Cambridgeshire house prices
- Credit: Archant
The median sale price of property in East Cambridgeshire broke the £200,000 mark for the first time last year.
According to the Office for National Statistics, the median sale price for all property types in 2014 was £212,000 – up from £195,000 the previous year and eclipsing the pre-recession peak.
The official figures also revealed the price change seen over the last two decades.
In East Cambs, the median sale price for all dwelling types in 1995, when records began, was £59,550 – meaning that sales prices have risen by 256 per cent.
In the same year, the median sale price for flats and maisonettes was £36,450 and £52,001 for a semi-detached house.
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In 2014, the median sale price for flats and maisonettes was £125,000 and £187,748 for a semi-detached house.
According to the figures, there were 1,191 homes sold in East Cambs in 1995, that figure had risen to 1,559 by 2014 but still represented a fall on the 2006 peak, when 2,240 homes were recorded as being sold.
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In Fenland, the sale price for all property types has risen from £41,750 in 1995, to 141,000 last year.
In Huntingdon it has risen from £58,000 to £198,250 last year and, in Cambridge, it has shot up from £70,000 in 1995 to £350,000.