House prices 6% higher near rail stations, report finds

House prices 6% higher near rail stations, report finds

If you live in Dublin, having a train or Luas station nearby increases the value of your home by up to 10%, according to a new report.

A study commissioned by property website Daft.ie, shows rental prices are on average 2% higher in areas near train and Luas stations.

Author of the report, economist Ronan Lyons, said that higher rental and property prices are to be expected in areas near quality public transport.

"On average, there's a 6% premium on the price of the property, and a 2% premium for the rent," he said.

"That's not surprising of course, we would expect to see a benefit for properties that are very close to rail facilities.

"I guess what it does is it puts some numbers on some common sense intuition."

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