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The link between property and transport has been perhaps the most durable in human history.
Since the ancients, few things have delivered higher land values with more certainty than advances in transport, from roads to canals, railways to highways. […]
But now, the dawn of the driverless car—promising a utopia of stress-free commutes, urban playgrounds and the end of parking hassles—threatens to complicate the calculus for anyone buying property.
Bloomberg Technology explains how the real estate industry is already preparing for all that sweet, sweet valuable space to open up for development once the widespread arrival of driverless vehicles makes parked cars — and the blocked square footage they occupy — a thing of the past.