Transport Links

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Transport Availability
Having a range of transport options is one of the most critical factors when it comes to choosing a property location.

City Centre Properties
For city dwellers, availability of public transport is likely to be of paramount importance. In large cities, closeness to an underground station or a bus stop, preferably on a direct route to the city centre or to the property occupier's workplace, is likely to have a major impact on the desirability of the property.

When considering a city property purchase, it is always worth researching any new developments and associated transport infrastructure improvements that are in the pipeline. A new railway or underground line, for instance, can open up a range of new commuting options, with potential for increasing property prices in the affected areas. Redevelopment of dockside areas and improvement of transport links in several British cities has resulted in a large amount of new property being built, in recent years. Further development of ”„Brownfield' sites, particularly in London during the lead up to the 2012 Olympic Games, is likely to continue this trend.

Suburban Properties
Away from cities, the motor car exerts an ever increasing influence on property choices. However, public transport still has an important role to play, particularly for those who commute to work from the suburbs into city centres. Access to a railway station or a main bus route is still a major consideration for people purchasing property in towns and suburban areas. Nevertheless, many people prefer to use their cars rather than public transport for both work and shopping trips. Availability of parking, preferably off-road, is a major plus factor; a property with a garage is even more desirable, because it reduces the risk of car theft, thus resulting in lower motor insurance premiums. According to the Nationwide Building Society a double garage can add up to 15 percent to the value of a property.

Rural Properties
In general, living in the country should give you wide open spaces, clean air and a better quality of life. What it is unlikely to offer is good public transport links. Being dependent on a rural bus service will quickly send even the most ardent of environmentalists heading for their nearest car showroom. For most people buying a rural property, car ownership is essential, so off-road parking is desirable and a conveniently located filling station is a real bonus.

Summary
Bullet Point Availability of adequate transport facilities affects property prices:
Bullet Point good quality public transport is considered to be indispensable by most city residents;
Bullet Point away from city centres, the motor car is the dominant form of transport.

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