Tour de France brings cycling fever to London
- 15th July 2014
- Buying Property News
As the popularity of cycling grows, here are our top tips for buyers looking for 'cycle-friendly' properties.
The number of Londoners cycling to work has doubled in the last ten years, with Londoners braving the busy roads to escape sweltering tube temperatures, chaotic rush hours and increased commuting costs.
According to the national Census, the number of people aged 16 to 74 living in London who cycled to work has shot up from 77,000 in 2001 to 155,000. One result of this growth is that more buyers than ever are looking for properties that are ‘bike friendly’.
Stephen Ludlow, Chairman of ludlowthompson says: “The huge surge of people that gathered to see the London leg of the Tour de France is a clear indication of the capital’s growing love for cycling, hence it is important that properties are as appealing as possible to enthusiasts.
“Bikes are expensive items so buyers should look for properties that offer the most secure storage - whether that’s a hall large enough to store a bike, or a modern bike shed in the garden.
“Cyclists can also take advantage of the cheaper property which is situated further away from tube stations – a huge perk for buyers looking to secure a great deal."
Cyclists in outer boroughs are also set to benefit from new bicycle-friendly infrastructure, with £100m being awarded to the areas as part of a ‘mini-Holland’ cycling initiative.
Enfield, Kingston and Waltham Forest are receiving up to £30 million to implement a range of cycle-friendly changes, making them a hub for prospective property buyers.
Stephen Ludlow adds: “Cycling benefits the whole of London as it reduces pollution and drastically cuts congestion on public transport. It’s great that so many cycle friendly initiatives are being implemented to keep the feel good spirit of the ‘Tour de France’ going.”
Cyclists can also take advantage of the cheaper property which is situated further away from tube stations.
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