Rail station developments and new homes
Wed, Jan 09, 2019
Infrastructure improvements can act as a catalyst for regeneration and new residential development.Major investment in the last decade has seen improvements to a number of rail stations. Some have been vital due to rapidly rising passenger numbers and others as a result of policies to spur economic development.
Using the latest passenger data from all rail stations across Great Britain, we calculated which stations had seen the largest number of additional passengers over the last 10 years. St. Pancras, London recorded the largest increase at 28 million.
Three non-London stations made the top 10: Birmingham New Street (2nd place), Leeds (7th) and Liverpool Lime Street (9th).
The proportion of new build sales, out of total sales in the location of the station, ranges from 93% for St Pancras, where regeneration meant the volume of new residential led to the creation of a new postcode, to 11% in Euston which is yet to be regenerated. The average proportion of new build sales across England and Wales is 10%, showing that busy stations encourage and support new build development.
Register now to receive our regular property market snapshot alerts for the region.
Share this article via social media: