Londoners pay extra for proximity to station

Published on

The Nationwide Building Society has calculated that London homebuyers are paying a premium to live close to an underground or train station.

It claims there is a £20,000 premium for property 500 metres from the nearest station, compared with a similar property 1,500 metres from a station.

Martin Gahbauer, Nationwide’s chief economist, said: “London has an extensive network of underground and surface rail lines which form an important part of the city’s infrastructure. 34% of Londoners usually use either National Rail or London Underground services to travel to work

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Croydon tops list of most in-demand locations among UK homebuyers

Croydon has emerged as the most popular location for homebuyers across the UK, according...

Newcastle cuts 95% LTV rates and improves cashback terms for first-time buyers

Newcastle for Intermediaries has reduced rates across its 95% loan-to-value (LTV) mortgage range, cutting...

Word On The Street appoints first broker

Word On The Street, the specialist property finance brokerage, has appointed Ben Hartley as...

Younger generations look to pensions and property for retirement security

Millennials and Generation Z are increasingly turning to both pensions and property to secure...

SMEs unprepared for net zero rules as 2026 reporting deadline approaches

Most small and medium-sized businesses remain unprepared for new sustainability reporting standards, with just...

Latest publication

Latest opinions

Tuning into later life lending conversations

There are certain conversations in our profession that can genuinely change the course of...

Right of Light risks: a looming shadow over construction projects

Gone are the days when a Right of Light infringement could be swiftly dealt...

Could a move to ‘enhanced advice’ also mean mandatory protection conversations?

The FCA’s recent Mortgage Market Discussion Paper (DP25/2) has got the industry talking about...

Take off the rose-tinted glasses and stop chasing a rate cut

Every six weeks the financial world raises its eyebrows at the prospect of a...

Other news

Croydon tops list of most in-demand locations among UK homebuyers

Croydon has emerged as the most popular location for homebuyers across the UK, according...

Newcastle cuts 95% LTV rates and improves cashback terms for first-time buyers

Newcastle for Intermediaries has reduced rates across its 95% loan-to-value (LTV) mortgage range, cutting...

Word On The Street appoints first broker

Word On The Street, the specialist property finance brokerage, has appointed Ben Hartley as...