REIN Research can be used everywhere in the western economies. For instance in London UK, where the latest study is proving that transportation improvements make a WORLD of difference for property values. Especially within that magic 88meter zone
London’s streets are not so much paved with gold as studded with diamonds. The property wealth bubble is so big the capital has 58 Tube stations around which average property prices are now £1m or more.
This is a five-fold increase since 2010 when there were just 11 stations in the £1m super-league.
Just how much of an impact does increased LRT have? The neighbourhood of Whitechapel in London UK is expected to increase in value by 54% over next 5 yrs. Now take that and look at where YOU know new LRT is being built in your region and start making your move!
Homeowners in Whitechapel will see a 54pc increase in house prices over the next five years - the biggest jump in values for any London village on the Crossrail route.
A new interactive graphic built by the property company, JLL, and to be launched this morning, has revealed the full extent of house price growth along the entire 38-station route from Reading to Shenfield in Essex. Use it here.
Someone is renting out a tent in a London living room
Remember the heady days of June 2014, when we laughed at the ad for this tiny bedsit in King's Cross and thought 'surelythe London property market can't any worse this?!' Well guess what – we were all wrong.
Fast-forward 14 months of desks converted to bedrooms, sheds converted to bedrooms and a house with an actual huge tree growing through it, and here we are: someone has advertised a tent in their Gipsy Hill dining room for £550 a month (plus bills) on Spareroom and we can't work out if it's a joke or not.