Some call it the Cambridge cluster; others, the Silicon Fen. In recent years, the university town’s technology and life sciences industry scene has been attracting record investment, talent — and homebuyers.
Last year, Richard and his wife Amanda relocated to Cambridge when she got a job with a biotech company in one of the city’s science parks. The couple sold the family home in Reading, Berkshire, and bought a five-bedroom detached house on Cambridge’s southern outskirts in November.
Despite the market slowdown — homes sales in the first nine months of the year were 25 per cent lower than in the same period in 2022, according to Land Registry data analysed by Hamptons estate agents — they still had to go to best and final offers to secure their home, for which they ended up paying £1.08mn.