Property prices in the London area Crossrail stations are far ahead of the rest of London

Average real estate prices in London within 10-15 minutes from the new station high speed rail Crossrail on average 5% higher than in these same areas, but at a greater distance.

Meanwhile, in the area of Central London, the picture is more mixed.

High-speed railway Crossrail will be launched in 2019 and will be able to carry an additional 1.5 million people within 45 minutes of Central London. A new transport project will allow millions of people to significantly reduce journey time.

Already counted that from the moment the project was launched in 2008, by 2012 the prices of apartments in Central London within 10 minutes walk from the stations ahead prices in their own areas by 8%. Since 2008, prices for residential property in Central London in 10 minutes from the Crossrail stations grew by 57%, far above the average growth of prices for luxury properties by 43% over the same period. Only 2976 housing units already approved in the area and Crossrail in the coming years will be approved 10096 units. All construction projects involve the development of infrastructure surrounding areas. The biggest growth in apartment prices in London recorded near Bond Street station, 10 minutes from Crossrail, the district of Mayfair, where prices have risen by as much as 82%. Meanwhile, in General, the area of Mayfair prices rose only 30% between 2008 and 2014.

Marked advance in real estate prices in the area of the Crossrail and East of the railway project. Prices in the East increased by 21%, despite the fact that overall property prices in East London have increased by 18%.

If you compare the price of East London close to the Crossrail stations, the highest growth in property prices in London since 2008, was close stations are Maryland and Forest Gate on 37% and 35%, respectively.

Ahead apartment prices in the London area Crossrail will continue in the coming years, this will be especially noticeable where housing prices have not increased significantly in previous years and price growth potential not yet exhausted. In General it is expected that up to 2018, property prices in Central London will grow by 15%, property in other parts of London will rise by an average of 18%.

® Alice Morgan 03.04.2015

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