I do NOT believe it... £50,000 drop in Cambridge!

gingin_2

PasturesNew wrote: »

This one INCREASED by £25k!
http://www.rightmove.co.uk/viewdetails-14921950.rsp?pa_n=2&tr_t=buy
£650k up to £675k

That apparently started at £795k and has been on for 18 months plus, it has had scaffolding outside it in the last few weeks so I am guessing the price increase was to recompense the owners (in their warped heads) for whatever structural work they were doing. We like that house and I do think it represents okay value for the area but the garden is just too small and enclosed. According to the Cambridge grapevine it has had a number of offers which have subsequently fallen through.

mr.broderick

carolt wrote: »

Am I the only one to think 345K for a 2 bed flat in a provincial city is outrageous?

Surely drops of 50% are on the cards. Local salaries are good - but not that good.

Heavens 50% drops...Meltdown tackle....

carolt

I don't know the Cambridge market at all, but when I left Oxford in 93, lovely 2 up 2 downs in Jericho (very central), where I lived as a student, were about 67K. Average starting salary as a graduate, I happen to remember, was 14.5K, and good graduate starting salaries were 20K+. So a brand new graduate in a better-paid job, or a couple of average recent graduates, could very easily have bought one, without any effort involved.

Don't see why prices shouldn't fall to similar multiples of average graduate starting salaries - maybe 120K now? And Cambridge and Oxford can't be that different in price terms, or there'd be a bit of a brain drain....

m00m00

one of the problems with places like Oxford, Cambridge and York, is that they are very nice towns/cities with good universities. Due to this many of the graduates of said universities are prepared to stay in the city where they study after graduation and accept jobs which are below their standard of skills in order to remain in the city. This actually keeps salaries down in these places. At a certain big insurance company in york, there were no shortage of york graduates in all disciplines happy to take 12-13k admin/cs jobs back in 2002.

MissMoneypenny

m00m00 wrote: »

one of the problems with places like Oxford, Cambridge and York, is that they are very nice towns/cities with good universities.

Have you ever looked around York university? It was the worst one we looked at. Very shoddy and was full of duck poo.

m00m00

MissMoneypenny wrote: »

Have you ever looked around York university? It was the worst one we looked at. Very shoddy and was full of duck poo.

I got my doctorate from there

the architecture is vile, the standard of the university is very high indeed.

MissMoneypenny

Ooops. Where is the foot in mouth icon?

The Times Top Universities 2007 League Table put York below Nottingham last year.
http://www.timesonline.co.uk/displayPopup/0,,102571,00.html

mikegib

carolt wrote: »

Am I the only one to think 345K for a 2 bed flat in a provincial city is outrageous?

Surely drops of 50% are on the cards. Local salaries are good - but not that good.

I don't get it either, it would be ok if it was in Chiswick, or for a designer flat in St Albans, but Cambridge !?? What is so special about this flat ?

carolt

mikegib wrote: »

I don't get it either, it would be ok if it was in Chiswick, or for a designer flat in St Albans, but Cambridge !?? What is so special about this flat ?

Can't agree with St Albans.

A 345K flat in St Albans would have me choking/laughing hysterically in my soup..

(I know the area well - you'd get a nice house for that, none of this 2 bed flat nonsense...)

m00m00

MissMoneypenny wrote: »

Ooops. Where is the foot in mouth icon?

The Times Top Universities 2007 League Table put York below Nottingham last year.
http://www.timesonline.co.uk/displayPopup/0,,102571,00.html

obviously it lost research points after I left


I am better qualified than most to comment on the quality of various universities, I've been to 3. My girlfriend did her Bsc at York, and is just finishing off her PhD at Nottingham.

I can tell you empirically as far as cities go York is vastly nicer than Nottingham

my comment was related to how nice the cities were mainly, which is what makes the graduates stay.