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Can transport links boost the value of your property? |
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The Herald's House Price Guide explains why improved transport links make property fortunes.
Writer Elizabeth McMeekin case studies example after example of new public transport developments throughout Scotland bringing massive windfall gains to private homeowners. Yet Scottish public services are bedevilled by under-investment. Is it beyond the wit of our public policy makers to put two and two together?
McMeekin cites the Central belt town of Alva where there has been a 22% increase in average house prices.
Stephen Bell, head of development services, at the local council, says "There has definitely been an uplift in housing and land values in the past 18 months.
I think has a to do with transport improvements, such as the re-opening of the Alloa-Stirling train line."
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