Property News · April 3, 2016

Commuters save £3,000 on property each minute further out of London


As more families cash-in and move out of the capital, the estate agent Savills has calculated the savings in house prices per minute per train journeyHouse prices in the London commuter belt fall by more than £3,000 for every minute further away the property is by train from the capital, research has found. Savills estate agents researched property prices around 314 stations in places surrounding the capital on direct commuter lines into the city. It found that average property prices within half an hour’s train ride from London were £458,000, compared with £606,000 in inner London.The cost of housing fell sharply to £337,000 for journeys of one hour to 69 minutes, with the saving averaging £3,048 per minute, the study of Land Registry data found. Continue reading…

Source : theguardian.com
Read more…Commuters save £3,000 on property each minute further out of London

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