House prices soar in Cherwell, Oxfordshire, as commuter towns attract buyers in 2024

House prices in Cherwell, Oxfordshire, have surged by 9.3% in 2024, making it one of the fastest-growing areas in England. This increase follows a 30% rise since 2019, with the average home price now at £367,770. The towns of Kidlington and Bicester, along with Banbury, are attracting buyers seeking better value compared to Oxford and London. Many are drawn by the convenience of train travel to London, with Banbury offering a journey of under an hour. Experts suggest that more UK residents may choose to buy homes instead of renting in 2025, as the Bank of England is expected to lower interest rates, potentially reducing mortgage costs.