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Why Oxford's soaring property market is a danger to your business Chris #BusinessOxygen.

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Presentation on theme: "Why Oxford's soaring property market is a danger to your business Chris #BusinessOxygen."— Presentation transcript:

1 Why Oxford's soaring property market is a danger to your business Chris Thompson @ThompsonCST #BusinessOxygen

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5 Average house price in Oxford of £361,429 10.68 times average annual earnings Source: Lloyds Bank Affordable Cities Review

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7 Average private monthly rents for 2 bed homes Sources: thisismoney.co.uk, Shelter, Ordnance Survey Data

8 Average gross annual salary£33,842 Monthly gross income£2,820 Monthly take home pay£2,182 Monthly rent for a 2 bed home£900 Rent as a proportion of take home pay41%

9 Sources: thisismoney.co.uk, Rentify How much salary people sacrifice for rent

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11 Why? Supply problem

12 100,000 homes in the county 15,000 around the city

13 46,000 people commuting to Oxford every day Source: Oxford City Council, 2011 Census

14 The cost of living – 58% Purchasing a property – 32% Commuting – 23% Barriers to recruiting & retaining skilled staff

15 “We’re sitting on a catastrophe” Councillor Bob Price, Leader of Oxford City Council

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17 Commuting unsustainable long term?

18 The problem for businesses The business stages model courtesy of Shirlaws Business Coaching

19 Reputation Relationships Sales

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21 Chris Thompson @ThompsonCST #BusinessOxygen www.wellersaccountants.co.uk


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