How has the night tube impacted property preferences?
- 23rd December 2016
- Property Tips
Introduction of the night tube sees young professionals and other buyers enticed to new parts of the Capital
Huge investment in transport infrastructure and services has had a great influence on the pattern of house price increases during 2016, with young professionals and other buyers enticed to new areas of London.
With further major improvements planned, such as the Queen Elizabeth line and Crossrail 2, the trend looks set to continue.
The night tube, which is operational on Fridays and Saturdays, has also helped to transform London into a 24-hour city over recent months and provided a real boost to the attractiveness of areas covered by its service as places to live or relax.
Better 24 hour transport links to the heart of the capital at weekends has encouraged people to consider renting or buying in new areas further along the tube lines. Transport for London has also improved the night bus services to link up with the 24 hour tube, so weekend support staff working in the city centre can now reasonably consider a whole range of new postcodes when deciding where to settle.
Also, individuals will be able to live in Zones 3 and 4 – in areas such as South Wimbledon, Acton and Willesden – whilst still being able to enjoy the best of the capital’s restaurants, bars and other nightlife.
Stephen Ludlow, chairman of ludlowthompson, comments: “2016 has shown that improved transport links open up whole areas of London previously overlooked by many buyers.
“As more people are attracted to the outer zones they may not have considered in the past, these areas are likely to see investment and regeneration – including growth of the retail sector and local government initiatives including drop in medical centres , new free schools and academies."
“Now is a great time for buyers to consider property either in areas covered by the night tube or where transport links are going to be improved by future infrastructure plans.”
2016 has shown that improved transport links open up whole areas of London previously overlooked by many buyers
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