Glasgow has the largest network of suburban railway lines in the UK outside of London.
Even people who live there may not realise that within the Greater Glasgow area there are around 155 railway stations with a further 15 subway stations in the city centre.
And new research from Nationwide suggests that homebuyers are now willing to pay a greater premium to be closer to a railway or subway station compared with the pre-pandemic period.
Commenting on the findings, Andrew Harvey, Nationwide's Senior Economist, said: “Our research suggests homebuyers in 2020-21 paid a 7.2% price premium - approximately £11,400 based on average prices in the region - over an otherwise identical property 1,500m from a station. This compares with a 3.5% (£5,200) premium based on those buying in 2019-20.”
He continued: “It is perhaps surprising that the premium for transport links in Scotland’s largest city has increased despite the reduction in public transport usage. But it would appear to suggest that those who are buying do still value these links and expect to use them again in the future.”
The new research also showed that pre-pandemic, Glasgow and the surrounding area saw a much higher proportion of people using trains to travel to work than other parts of Scotland.
Nationwide said the districts best served by the network include Glasgow City, Inverclyde and West Dunbartonshire, where around 90 per cent of properties are within 1.5km of a station.
These three areas contain many of Glasgow’s commuter towns and villages and are well connected by the main railway lines skirting the River Clyde.
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