New plans for high-speed rail links in the US include a connection between New York City and the upstate area, with the line running to Albany and Buffalo.

President Barack Obama announced his blueprint for a series of routes across the country, on which government money will be spent.

Contrasting the lack of such routes in the US with other countries, Mr Obama said: "This is not some fanciful, pie-in-the-sky vision of the future. It is happening right now. It’s been happening for decades. The problem is it’s been happening elsewhere, not here."

Such a development could boost the value of New York property by increasing transport access around the state for those living or holidaying there.

New York property investors may have been reassured by a recent article in the Daily Telegraph commenting that the city remains great value for a holiday, despite the drop in the pound’s value against the US dollar.

Tips in the article included picking up a $74 (£50) city pass, which covers a range of attractions including the Empire State Building.

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