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Evening Standard
Evening Standard
Vicky Shaw

London, Manchester and Glasgow home buyers ‘pay premium to live near stations’

London Glasgow Manchester Nationwide Nationwide Building Society National Rail
London home buyers continue to be willing to pay a significant premium for being close to a station, research for Nationwide Building Society indicated (Aaron Chown/PA Archive) - (PA Archive)

London home buyers face paying a £42,700 premium typically to buy a property 500 metres from the nearest station, compared with purchasing a property further away, analysis suggests.

Nationwide Building Society looked at the premium for being close to stations in Glasgow and Manchester as well as London, comparing prices 500 metres from a station with those 1,500 metres away.

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