Houses near to crossrail stations see values surge

March 20, 2015

Property values around some Crossrail stations have surged since the east-west London line got the green light in 2008, with the fastest-rising jumping 82%, according to a new report.

Stretching the length of the entire line from Maidenhead to Shenfield prices within a short walk of stations have risen only 5% more than the local market, gaining 43% on average since 2008, but within that some areas have soared much faster. In a recent TV report it highlighted that Chinese and Far East London property buyers were earmarking around the stations on crossrail as their target purchase areas.

The tunnelling for Crossrail, Europe’s largest infrastructure project, is nearly complete, and the 73-mile (118km) railway line is expected to open in late 2018. The high-speed line will increase London’s overall rail capacity by 10%.


Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Commercial Agent Talk

Exploring the Financial Success of Real Estate Ventures: Tycoon Real Estate’s Journey

The real estate industry has long been regarded as one of the most lucrative sectors for investment, with countless individuals and companies building substantial wealth through property acquisition, development, and management. Among the many businesses that have sought to make their mark in this field, Tycoon Real Estate stands out for its innovative approach and…
Read More →
what is proptech
Proptech News

Improving Your Credit for Home Financing: The PropTech Advantage in Real Estate

Navigating the home financing process can be a daunting task, especially if your credit score isn’t where it needs to be. For many prospective homebuyers, a low credit score can mean higher interest rates, less favorable loan terms, or even a denied credit application. However, thanks to recent advancements in PropTech (property technology), there are…
Read More →
Finance

How AI in AML is Revolutionizing Financial Crime Detection?

Technological advancement, specifically artificial intelligence, is altering how financial institutions handle threats of money laundering. Conventional means for identifying financial crime take a long time and involve a heavy reliance on some manual procedures. Such processes are accelerated with the help of AI technologies, increasing the results’ effectiveness and accuracy. In 2024, the role of…
Read More →
Breaking News

Halifax House Price Index for August

UK house prices edge up to hit two-year high   House prices in August 2024 were 4.3% higher than the same month a year earlier. House prices increased by +0.3% in August, after +0.9% rise in July Year-on-year prices are up +4.3%, the strongest rate since November 2022 Higher annual growth largely reflects the base…
Read More →
Breaking News

Nationwide House Price Index for August

Annual house price growth edged higher in August   UK house prices fell 0.2% month on month in August Annual growth rate picked up to 2.4%, from 2.1% in July Fastest pace of annual growth since December 2022 Energy efficiency becoming more important in influencing what buyers will pay for a home   Headlines Aug-24…
Read More →
Breaking News

Rightmove Points to Worsening Crisis in Private Rented Sector

Responding to data published today by Rightmove suggesting that the number of former rental properties up for sale is now at its highest level on record, Chris Norris, Policy Director for the National Residential Landlords Association, said: “Today’s data will be a serious concern for all those renters struggling to find somewhere to call home. …
Read More →