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Transport links influence property prices, says expert

09 October 2007
Transport links can have a huge impact on property prices in London as homebuyers and tenants demand fast travel around the city, ludlowthompson claims.

The residential property agent believes that as a result of supply shortages in the capital, many people are looking at new areas in which to live.

According to director Stephen Ludlow those with good transport links, such as Finsbury Park in North London, are becoming increasingly popular, which is pushing up prices.

"There is too little stock and so once supply and demand kicks in and people are looking at other areas, they start picking on areas with good transport networks," he explained

"So Finsbury Park suddenly came to town, and probably over the last two years has seen more aggressive price rises than many other areas around."

According to Knight Frank, the Crossrail project, which was given the go ahead by the government last week, will create several property hotspots in London where prices are likely to increase.

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