London homebuyers have historically paid a premium to be near the a train station, but new figures show that the further away a home is from a train station, the faster its price is growing. In 2019, once 600m from a station the average price would start to fall. However, three years and a pandemic later prices for London homes further away from stations have grown so much that they are catching up with those for better connected properties. However, buyers in the home counties still pay more for bigger properties further from a train station, but homeowners who live near a station have seen their house prices increase the most since the pandemic. Much of this uplift can be attributed to Londoners moving out of the capital but still wanting a connection into the city. |
The Sunday Times (15/01/2023) |