Richard Waind, Regional Managing Director for Your Move, London, comments on the launch of the London Night Tube and the impact on house prices.
As recent house price growth along the Cross Rail line has shown, people will pay a premium for great transport links.
“The Night Tube will undoubtedly prove attractive to owners and tenants either working in, or enjoying, London’s vibrant nightlife.
“Most promising for landlords and those trying to sell their homes, is that locations previously deemed too far afield on the tube map from the hustle and bustle of central London, will now be more easily accessed on the Northern and Victoria and in turn, will be more attractive to buyers and tenants alike. Many of London’s central commuting zones may have been historically out of reach for renters and hopeful buyers, but the London Night Tube opens up new possibilities for many Londoners.”