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%.