Oxford, UK
The Stormont is a boutique collection of 8 new luxury homes in Oxford’s desirable Headington suburb. Designed to be contemporary whilst in keeping with the wider area’s architecture, the homes come with high-end finishes, tasteful fittings and modern kitchens with fully integrated appliances.
Economy
Oxford’s economy has benefitted from sustained economic growth since the 1900’s. With the expansion into new industries, the city has solidified its economic significance. Since 2000, the economy has expanded by 45% totalling GBP6.4 billion (2022) and is forecast to expand by a further 18%, totalling over GBP7.5 billion by 2035. The average GVA per capita has grown in tandem with the overall economy. Since 2000, it has risen by 30% and is expected to reach GBP48,000 by 2035, up 14% from 2022.
Education
Home to the UK’s first university, the city of Oxford is a global beacon of education. The world-renowned educational offerings have attracted students for centuries from all corners of the world. With approximately 43,000 full-time students, a third of which are international, they make up about 27% of the city’s population.
The University of Oxford is consistently ranked the number 1 in the world, whilst the newer Oxford Brookes University was recently ranked 6th in the UK for teaching by the Times Higher Education Young University Rankings. There are also a plethora of primary and secondary schools for young families to choose from.
Housing Market
Oxford has an exceptionally strong property market. A sustained population growth combined with long-term economic growth, has led to house prices in Oxford increase by 9.7% in 2022 and 68% over the last 10 years. With these underlying factors expected to remain in place in the years to come, it is forecast that in the 10 years following 2022, Oxford’s house prices will continue to increase by a further 26%. This outperforms the UK average expected house price growth between 2022 and 2032 of 21%.
158,130 forecast by 2035
(+12% from 2000)
6,351 units by 2036
(58% below the target)
GBP6.4 billion (GDP)
(+45% since 2000 +18% forecast by 2035)
Download the Fast Fact project summary below.
Region | Mortgage Rates (Up to) | Acquision Costs (Estimated) |
---|---|---|
London | 75% | 5.0% |
Manchester | 75% | 5.0% |
Berlin | 60% | 7.5% |
Melbourne | 80% | 4.0% |
Brisbane | 80% | 4.0% |
New York | 55% | 6.0% |
Chicago | 55% | 6.0% |
Miami | 55% | 6.0% |
Tokyo | 70% | 5.0% |
*Prices and details are correct at the time of going to press. Readers are advised to make their own enquiries to verify such information.
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