A Nationwide Building Society has produced a study which shows that people looking for a home in London pay a higher price for the convenience of living close to local transport links. Of course, close vicinity to any local amenities will have an impact on asking prices for any London property.
However the amount of premium may surprise; up to £20,000 for a property that is 500 metres away from the nearest tube or train station, as compared to a house of a similar standard that is 1,500 metres from a public transport link.
Thursday, 15 July 2010
Location, Location, Location
