Property prices in London, just as in every other city in the UK, are affected by proximity to public transport infrastructure, particularly bus stops, tube and train stations. Now, according to the Evening Standard, it appears that Barclays Cycle Hire stations are exerting their own influence on prices in the capital’s property letting and sales market.
The Standard reports on how landlords of properties close to the winning combination of a Boris Bike docking station and a Transport for London cycle superhighway can bump up their rents by over 10% in what is otherwise a relatively stagnant market.
The news that proximity to a docking station might have a beneficial impact on rents (for landlords) won't come as a surprise to many although it is in sharp contrast to the many objections from local residents to the siting of docking stations near their properties that Transport for London has had to deal with in recent months.
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