21st December 2018

Crossrail Opens New Residential Prospects

Property prices and rents are increasing due to the £15bn pound investment in the Crossrail project.

Property prices and rents are increasing due to the £15bn pound investment in the Crossrail project.

Areas to the east of the project, mainly surrounding the new Elizabeth line which is scheduled to be opened in Autumn 2019, have seen the biggest increase and landowners are ecstatic at the return they are seeing on their investment.

Due to stronger transport links opening which will connect the City to more remote areas of London, commuters are opting to move to slightly cheaper areas than where they currently live whilst still having the benefits of strong public transport infrastructure.

Although this news comes with its criticisms, mainly from housing and homeless charities that current tenants will be forced out of the market. Many see this new investment as positive and allowing for further investment and the utilisation of property otherwise not used.

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