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Researchers quantify effect of good transport on property values

Land Values

Andrew Forster
25 October 2019
Metrolink: impact on property values vary widely by location
Metrolink: impact on property values vary widely by location

 

Good access to jobs by walking has a much bigger impact on residential property values than good access by either car or rail, though they have a positive impact on values, too, according to new research.   

Based on analysing house sales in the North of England, the researchers conclude that for every additional 10,000 jobs that are easily accessible by foot, there is a property price premium of 3.61 per cent. For good access by car the premium is 0.19 per cent, and for rail it is...

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