The city of Cambridge is located roughly 50 miles north-by-east of London. Cambridge is one of England's most well-known cities; it is widely recognized as the home of the University of Cambridge and a booming center for high-technology companies. Although the city's population is only 108,863,
Cambridge continues to garner attention for its unique culture and historical society. The majority of buildings in Cambridge are associated with the Universities within the city. That being said, the beauty of these buildings is not diminished nor tarnished through an affiliation with a college or university.
Although Cambridge is not a sprawling urban area like other major cities, the majority of Cambridge property is lofts and small apartments. The real estate market is widely driven by the academic institutions that comprise the city; it is estimated that nearly 25% of apartments or lofts rented in the city are done so by university students. As a result of this, the demand for such real estate isn't reflective of the country's real estate market, nor effected by the recession that looms over the world.
The average loft in Cambridge can be purchased for around 50,000 Euros; however, these spaces are primarily rented. In fact, Cambridge property is widely rented in general; this widely is a result of the college population, however, citizens also choose to rent to avoid the pitfalls of buying a home in a skeptical global market. Apartments are available for purchase or renting throughout the city, and a suitable real estate agent can be found online.
