View more on these topics

Southern Rail chaos hits house prices

arrow down houses graph

House price rises for properties on the troubled Southern Rail network are slowing compared to the rest of the UK, according to research by online estate agent eMoov.

Southern Rail’s decreasing service levels have led to many delays and cancellations as a result of a dispute between management and workers.

EMoov found that average UK house prices rose 7.6 per cent in the last year.

But houses on the Southern Rail network rose by an average of 6.5 per cent.

In the last six months, when Southern Rail service chaos reached its peak, the average UK house price rose 3 per cent. But houses on the Southern network rose just 1.4 per cent.


An eMoov statement says: “But the salt in the wound is the cost of the property itself. With an average price of £447,539 across the Southern Rail network, homeowners are paying above the odds for their property, only for its potential to be blighted by an external factor such as an inadequate train operator.”

EMoov chief executive Russell Quirk says: “This research really highlights the impact external factors can have on a property’s value in the market. Often, the close proximity of good commuter links into London, in particular, can help increase the asking price of a property.

“In this instance, strike action, poor service, cancelled trains and long delays have had the reverse effect to property prices on the Southern Rail network.”

EMoov collected the average price paid and value change surrounding each station across all nine of the Southern Rail network lines.

The research looked at the price growth over the last 12 months, as well as the last six, comparing each line on Southern Rail and the network as a whole, to price growth across England during the same time periods.



House prices up 6.5% in Q4 2016, says Halifax

House prices in the three months to December were 6.5 per cent higher than in the same three months of 2015, according to the latest Halifax house price index. Prices were up 2.5 per cent on the preceding quarter. The average house price is now £222,484. Halifax housing economist Martin Ellis says: “The annual rate […]

House prices stabilising as London growth slows, says Nationwide

UK annual house price growth ended 2016 at 4.5 per cent, the same as the level of growth for 2015, the latest Nationwide house price index has found. However, price growth in London was found to have ended the year below the UK average for the first time in eight years. All regions saw house […]


Could ‘let to live’ help resolve the housing crisis?

When it comes to solving Britain’s housing crisis, we often hear of the need to build thousands of new homes to satisfy the growing demand for home-ownership. While we certainly do need to build in order to boost the supply of housing, it is also important that we look to the country’s existing housing stock […]


News and expert analysis straight to your inbox

Sign up