One of Britain’s most prominent property data companies says homes near London Underground tube stations with 24-hour trains will see a price uplift of as much as 10 per cent.
Dataloft - the consultancy which made the claim in research undertaken for online estate agency SellMyHome - says there will also be increased demand for private rental properties near the 24-hour tube stations, because overnight trains will be particularly popular with students and young professionals which make up much of the lettings sector.
By the end of the year, London’s five main tube lines - Victoria, Central, Jubilee, Northern and Piccadilly - will be operating 24 hours a day on Friday and Saturday.
The research, compiled by Dataloft senior analyst Anna Zaccaria, is discussed in more detail on the Features section of Estate Agent Today. You can see the full piece here.
For more information on dataloft click here
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Dataloft are speaking rubbish, prices in London are at a peak and beyond affordability. Half a million for outer lying flats, there is simply not room for a 10% price increase with out a sudden mass rise in wages which is unlikely.
Shush. Apparently endless price rises, to the point where the average asking price in London is £1m, is a brilliant, wonderful thing. Price rises, price rises, price rises, until only the super-rich can afford to live in the capital. That's the goal.
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