This is why connectivity matters
Oct 25, 2019
Around the world big cities are becoming more and more important.
Not only are the tech companies focusing on being close to other large businesses and the pick of the finest talent, retirement living is increasingly becoming a big-city concept too.
In London we’ve always known that housing prices perform better close to Tube stations.
But now there’s statistical data to back up what we intuitively already knew.
Since the financial crisis housing prices have increased at 9.7 per cent per annum for properties within 500 metres of a Tube station.
This compares to just 6.7 per cent per annum for other properties within those very same boroughs, according to the latest research of CBRE for 2019.
The study also drew a link to the importance of urban regeneration in driving wider city trends.
As cities move towards congestion charges – as London did in 2003 – and then low-emission zones, living close to train and transport connections is becoming (and will become) ever more desirable.
By the way, if you think Sydney and Melbourne will be any different in this regard…they won’t.
It’s also far easier for landlords to find an ongoing stream of tenants in suburbs with great transport connections.
I discussed this a little further in the short video here
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