Commuting has been part of the society. If one wished to travel longer miles without the stress of driving his or her own vehicle, one may choose to commute. Using public transport, has been connected to some real estate values particularly in United Kingdom. The said factor likely affects the value of a certain real estate property. In a comparative review reported by The Telegraph, they made mention that rising value of properties could actually cover an annual fare, from one point to another:
Why it pays to commute: House prices rising so fast in commuter towns they pay for season tickets in a week
House prices are rising so fast in some commuter belt areas that they are "earning" home owners enough to pay for their annual transport to work in just a week, according to analysis by a property website. The study found that home owners in Solihull commuting to Birmingham could have paid off their annual train travel in a week. The average property in the region increased its worth by around £95 a day over the last year, meaning the rising value could cover an annual £655 fare to Birmingham in seven days, Zoopla said. Read original post...
With the said data gathered, it is now possible to determine the value for money in each real estate properties, particularly those within the so-called commuter belt in UK. In the following article of Isabelle Fraser, she made mention of some of the properties nearby commuter belt and their price added to the average annual travel cost:
Revealed: the true cost of buying a house in the commuter belt
By crunching the numbers, it's possible to work out which of these popular commuter area provides the best value for money by adding up average annual travel costs into London and average mortgage repayments to find a combined annual commuter cost. Check full article...
