Cycle lanes boosting house prices by up to eight per cent, new study finds
From Road.cc
A common theme that emerges any time a new cycling infrastructure project is mooted in or near a residential area is the opposition of some local homeowners, furious that the proposed bike lane will replace some of their on-street car parking spaces, or narrow the road, lead to the loss of trees, or even require them to look both ways before exiting their drive.
For example, in October a new cycle lane scheme in Stretford was branded the “biggest, most expensive cat litter tray in history” by one disgruntled resident, who claimed that he was “planning to move out” of the area he was so “fed up” with the project.
However, while many locals were quick to deride that Stretford scheme as a “complete waste of money”, new research has instead found that, if our “fed-up” resident did indeed put his house up for sale in protest, the cycle lane would have actually made him some extra cash.
Photo by Dário Gomes on Unsplash
