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Streetwise CABE promotes better public design to increase property prices

CABE has issued a report showing a direct link between better street design and higher property values.

In the document CABE said street regeneration can release 'latent property value' and act as a catalyst for wider renewal.

The design watchdog's research claims the quality of a street can add 5 per cent - around £13,000 or £25 per m2 - to residential property prices and retail rents, without taking transport, income levels and schools into account.

CABE Space director Sarah Gaventa said: 'It's clear from the research that investing in design quality pays. It pays for business and developers by boosting property values, and it pays for the public by creating places that we want to spend our time in.'

The quango hopes the report can be used to pile pressure on developers, local authorities and business by investing in the streetscape.

Gaventa said: 'Better-designed streets can benefit the whole community, boosting health as people choose to walk or cycle, and creating lively places full of people where street crime is reduced. The state of our streets affects the quality of our lives. We need to design better streets.'

by Richard Vaughan

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