In the Greater Glasgow area, 72% of properties are within 1,500m of a station. The
districts best served by the network include Glasgow City, Inverclyde and West Dunbartonshire, where over 80% of properties are within 1,500m of a station.
In the case of the latter two locations, the main railway line skirts the River Clyde, serving the main population centres. Glasgow city proper is extremely well served, with around 60% of properties no more than 500m from a subway or railway station.
While those living in and around Glasgow clearly place a value on proximity to rail links, the evidence suggests that they aren’t willing to pay as much extra to be near them as those in those London.
Chief Economist at Nationwide, Robert Gardner, said:
“London homebuyers pay a much greater premium for being close to a station compared with those in Strathclyde and also those in Greater Manchester. In the capital, this probably reflects a greater reliance on public transport, with residents less likely to drive to and from work.
“London also has the densest network of stations and services, with 94% of properties within 1.5km of a station, compared with 72% in Strathclyde and 69% in Greater Manchester.”
