Walkability Makes Housing More Expensive

A new study shows that improving streets with widened sidewalks, better lighting and other walkability measures can increase the nearby home value as much as $50,000.
April 26, 2011, 1pm PDT | Tim Halbur
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Shops and restaurants also benefit from walkability, says the study conducted by the Transport for London Urban Design team, which states:

"There is a strong qualitative case for investment in urban realm improvements. As part of a mix of policies, urban realm improvements can encourage walking, improve health outcomes, benefit the environment, reduce congestion, enhance social cohesion and assist local economies."

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Published on Monday, April 25, 2011 in This Big City
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