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London Real Estate Prices to Rise by 25% Around the New Crossrail

London Real Estate Prices to Rise by 25% Around the New Cross rail Project

The new major rail project Cross rail is predicted to significantly boost the value of London real estate for sale along its 118km route by 2021, according to a recent GVA report.

The properties around the rail’s stations in central London could rise up to 25% in value, while those in Essex and Berkshire, where new rail links will be built, by around 20%. It’s estimated that Crossrail will add in total up to £5.5 billion to the value of real estate in the UK. Both commercial and residential properties are expected to grow.

200 million people will use Crossrail train services each year, which will finally connect directly London’s main business centres; Paddington, Heathrow, Canary Wharf, West End, and the City.

Crossrail will be one of the largest infrastructure projects in the history of the United Kingdom, and has already garnered plenty of attention from investors. Many new buildings are expected to rise along its route. These, together with the older buildings around them, will become interesting investment opportunities for many.

The property market in Farringdon, Ealing Broadway, Slough, Maidenhead, Seven Kings, Brentwood, and other areas is expected to receive the majority of the £5.5 billion growth. Investors interested in London real estate for sale should keep an eye on the developments in these areas, and especially on commercial and residential real estate.

Crossrail is set to rejuvenate many areas on the outskirts of London, and well as further improve central locations of the British capital. It will transform the property market in many places, leading to the creation of over 57,000 new homes and over three million square metres of commercial space. Many exciting investment opportunities… Ask the experts at Compare The Financial Markets to source the best property investment opportunities near Crossrail for you.

Ask our experts at Compare The Financial Markets and use our bespoke property search below to find the right home, or investment, for you

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