Prices for apartments in the London area Crossrail grow faster

New high-speed transport system that is being built now in London, and is the most ambitious transport project in Europe, Crossrail, will be launched in less than three years, and this fact continues to influence the market of real estate of London. It is expected that price growth is close to all stations Crossrail will reach at least 7% by 2020. Many parts of London have already benefited from the high cost located in her real estate because of its proximity to Crossrail stations.

However, the value of residential property in London, in some areas the construction of new Railways, where growth potential has not been exhausted, expected to grow to 39%.

Areas of Woolwich, West Drayton, Whitechapel and Ealing Broadway, the most desirable purchase for investors with the expectation of capital gains to 39% by 2020. These suburbs of London like Woolwich, West Drayton, Whitechapel and Ealing Broadway, as well as value will increase by approximately 33% primarily due to the presence of Crossrail stations.

Crossrail since the start of its construction in 2010, continues to stimulate the London property market in the regions of location of their stations across the length of the lines. For the period from 2013 to 2015, prices for apartments in London near Crossrail stations have increased in price from 30% to 70%.

Crossrail will not only greatly ease the load on the transport infrastructure of London, but also will significantly reduce journey time between key stations. Approximately 30% to 50% of the time will save Londoners on the way to work and home after the launch of the new railway. If the investor is constrained with the choice of the area of London in which you could invest with the best result, future Crossrail station, is an excellent indicator to determine prospective locations.

® Maxim Savitsky. G. 30.03.2016

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