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LATEST NEWS & EVENTS Close tube station proximity 'adds £20k to a property'  Those looking to invest in property might be interested to learn that purchasers in London pay a large premium to live close to a tube station, according to new research. Nationwide has revealed that buyers who live 500 metres from an Underground connection pay £20,000 more than those who live in a similar property 1,500 metres away from a hub. The findings showed that properties around the Circle line's route are the most likely to achieve the highest prices. Martin Gahbauer, Nationwide's chief economist, explained: "Premiums increase as you move closer towards a station." He added: "For example, an identical property located 1,000 metres from a station would command a 3.4 per cent premium, whilst at 750 metres this increases to 5.2 per cent." Elsewhere, Kelvin Davidson, property economist at Capital Economics, recently said that BNP Paribas' predictions that real estate values could take 15 years to recover may be a plausible estimate. Posted by James Walsh 
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