Oxford, Cambridge House Prices May Suffer From Cuts
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House prices in Oxford and Cambridge may suffer more from government spending cuts than anywhere else in England and Wales because of the university towns’ high proportion of public-sector workers.
About 46 percent of workers in Oxford are employed by the state, the most among all municipalities, according to a survey published today by property website Zoopla.co.uk. Average house prices have already fallen almost 4 percent in Oxford in the past three years.