Public sector cuts impact on prices
Property prices in areas with high rates of public sector employment are set to take a disproportionately hard knock over the coming months.
With heavy public sector job losses predicted, property website Zoopla.co.uk has examined where house prices in England and Wales are likely to be hit the hardest.
Topping the list of local authority areas most likely to be negatively impacted is Oxford, where almost half of all workers (46 per cent) are employed in the public sector.
Not far behind, and also likely to see falling houses prices, are Cambridge, Middlesbrough, Hastings, Canterbury, Stafford and West Dorset – all areas where the public sector accounts for over 40 per cent of the workforce.