The proximity to the metro adds £42000 to the price of real estate London

Londoners buying housing in London are prepared to pay a substantial premium to live near a metro station or national rail.

Residential properties within 500 meters of which are transport station, an average of £42000 more expensive compared to that which is at a distance of 1.5 km.

The most expensive residential real estate near stations yellow line Circlelineлондонского metro, and the cheapest valued the proximity to the stations of the Metropolitan branches, these are the latest market research, the National Building Community.

The study was done to evaluate the proximity of underground stations and national rail affect property prices in greater London, provided that other characteristics of the property such as type, size and the neighborhood were taken into account.

In the two years since the last study of this issue, noted that the fee for the proximity of residential property in London to the stations of public transport has increased significantly. The proximity to the metro within a radius of 1000 meters, people are willing to pay 4.9% , and in proximity within a radius of 750 metro is 7.6%, and for the proximity within 500 meters – the average fee is 10.5 % .

Further than 1500 meters from the metro and Railways is only 6% of residential property in London. One of the best areas of accessibility to public transport system are considered to be the city and Camden, where more than 85% of real estate located within 500 metres of the stations. Camden was previously a winning areas in terms of accessibility to the subway, but now has added one more station and vehicle services this area has become even better. This is one of the most expensive areas of the capital, where the average property price reaches £843000 pounds. Near the subway line line Circlelineсредняя the value of residential property is £800,000 £

In areas of the property most distant from the subway, only 20% of housing is within 500 metres of these areas.

A similar study was conducted in Manchester and Glasgow and found that in these cities the impact of proximity to subway stations on the price of real estate is not as great as in London. This is due, most likely, with good organisation of public transport in London and limited vehicular traffic.

In London 94% of residential properties located within 1,500 meters from the subway, in Glasgow – 72%, and in Manchester – 69%.

Canary Wharf is one of the most promising areas of London over the next 10 years

EDRIDGE Croydon

Studio in Lewisham

Boatyard

AVENU

Real estate investment in London. Dickens Yard

Apartment class “Lux” in West London