Wednesday 7 December 2016

Tapping the added value of homes near railways could help fund transport links

Ronan Lyons

Published 19/07/2016 | 02:30

'When looking at individual homes, there is clear evidence from the Dart and Luas lines that being close to train stations gives a benefit that is reflected in prices and rents.' (Stock picture)
'When looking at individual homes, there is clear evidence from the Dart and Luas lines that being close to train stations gives a benefit that is reflected in prices and rents.' (Stock picture)

The price or rent of a home depends on a huge number of factors. Some of these are specific to the building, such as its size or garden or energy efficiency. Others though, relate to the location.

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Some properties are close to the coastline, some near schools - and enjoy a premium as a result. Others may be very close to a junction or a factory or a troublesome neighbourhood and enjoy a discount.

This report looks at the relationship between urban rail facilities and the cost of accommodation nearby.

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