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London's reach for commuters

By: Language: English Series: Planning in London ; (64) January-March 2008, 43-44(2)Publication details: 2008Subject(s): Summary: Reviews research by Savills examining the relationship between house prices and distance from London. Identifies that commuter demand has led to an approximate fall in property prices by £1 000 for every additional minute of rail journey time to the capital beyond the M25. As a result, reducing journey times to London has the capacity to add value to residential property. Few daily commuters are willing to live more than 100 minutes away from London.

Reviews research by Savills examining the relationship between house prices and distance from London. Identifies that commuter demand has led to an approximate fall in property prices by £1 000 for every additional minute of rail journey time to the capital beyond the M25. As a result, reducing journey times to London has the capacity to add value to residential property. Few daily commuters are willing to live more than 100 minutes away from London.