House prices boosted after opening tram routes in five leading cities

• House prices near improved transport infrastructure grow strongly two years after routes open
• Half of locations with a tram stop see house prices outperform the rest of the city
• House prices along the Elizabeth Line (Crossrail) up by 22% in two years before line opens

House prices have been boosted by improved transport links, with new tram lines driving up property values, according to new research by Lloyds Bank. House prices along tram routes in Manchester, Birmingham and Edinburgh grew by an average of 12% in the first two years after opening. This contrasts with the two years before construction when property values remained unchanged in those same cities.