Manchester homebuyers pay significant premium for rail links

Robert Gardner, Nationwide’s Chief Economist, said: "Greater Manchester is served by an extensive network of railway and tram lines, with around 90 railway stations and a further 41 Metrolink stops.

"In 2010-11 there were over 48 million passenger journeys made by rail within Greater Manchester with a further 19 million journeys by Manchester Metrolink.

"We examined how the proximity to a Metrolink or railway station impacted property prices in Greater Manchester after taking account of other property characteristics, such as property type, size and local neighbourhood type.

"Our research illustrates that people are willing to pay a significant premium to be close to a station."

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