MINUTES
Journey time from Central London
THE
PRICE/
TRAVEL
TRADEOFF
6 The London Report 2022 | The price/travel trade-off
Hybrid working has led to a willingness by some buyers and renters to accept a
longer commute in return for more space, value or amenities but most still want
to live within 45 minutes of their workplace. Our price/travel time ratio can help
buyers and renters to identify places to live by assessing the trade-off between
price and travel time.
50
10
15
20
25
30
35
40
45
£psf versus
journey time
Average sales price per
square foot reduces with
length of commute. Homes
with a journey time of
41 to 45 minutes to central
London sold, on average,
for almost half the price per
square foot of those within
a 10-minute commute. PRICE
VERSUS
TRAVEL
TIME
£1,010
DISCOUNT£1,072
Average £psf
-42.9%£720
£612
£535
-49.8% -50.1% £906 £851 £746
£538
-5.8%
-20.6%
-15.5%
-30.5%
SALES
-32.8%
78%
47%
APR/JUN 2021
JAN/FEB 2020
LONDONERS
SOMETIMES
WORKED
FROM
HOME
Dataloft Rental
Market Analytics Dataloft, Foxtons 2021