HOME EDI T ION
double the number of viewings than we normally would for this time of year, while the number of buyers registering with us is also substantially higher.” Worryingly, this sky-high demand is coupled with a lack of good-quality housing stock, warns Andrew Tucker, partner at Bidwells. He believes that the ‘supply crunch’ will continue, leading to further price rises in both the sales and lettings markets. The shortage of properties is especially acute in the second-hand and country homes market, which has led to increased demand for new-build homes in the area. In fact, during 2021, the price of the average new home in Cambridge rose by 5%, according to research from Bidwells, which is the highest pace of growth for such homes since 2016. Another consequence is that homebuyers are being “less fussy” in terms of location, asserts Richard Freshwater. He explains: “Villages which perhaps used to be less popular due to commuter links are now seeing renewed interest – and these are experiencing the same levels of demand as some of the most popular locations in the city centre.” HIGHLY MOTIVATED BUYERS WHO ARE READY, WILLING AND ABLE TO MOVE
80 MARCH 2022 CAMBSEDITION.CO.UK
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