Cambridge House Prices Second Biggest Growth Since Financial Crisis

House prices in Cambridge have increased by more than a half since 2007 according to figures from Zoopla.

The property website says house prices across all major cities in England are now above their 2007 pre-financial crisis peaks, for the first time.

Newcastle was the final place out of 20 in its index to reach the milestone, 12 years later.

By contrast, prices in central London took just two and a half years to rebound. Prices in Cambridge have grown by 53% since 2017, second only to London and ahead of Oxford which has seen growth of 50% over the last 13 years.

Average house prices in January in cities covered by Zoopla's index, and the increase or decrease since October 2007:

- Edinburgh, £242,000, 21%

- Nottingham, £160,200, 27%

- Leicester, £182,600, 33%

- Birmingham, £168,700, 26%

- Liverpool, £122,900, 1%

- Manchester, £173,600, 24%

- Cardiff, £212,600, 24%

- Bristol, £286,300, 46%

- Leeds, £169,200, 14%

- Bournemouth, £290,700, 29%

- Cambridge, £415,300, 53%

- Oxford, £423,900, 50%

- Sheffield, £139,500, 12%

- Newcastle, £129,700, 1%

- Portsmouth, £241,100, 31%

- Glasgow £123,100, 3%

- London, £481,800, 59%

- Belfast £136,600, minus 38%

- Southampton, £228,500, 25%

- Aberdeen, £153,500, minus 10%