Crossrail will lead to property prices increase in London

Crossrail will lead to property prices increase in London

By 2018, London Crossrail will start its operation. The railway will pass through the whole city from east to west. Due to the improvement of transport infrastructure, housing prices will increase by 13%, according to ee24.com citing propertywire.com and crossrail.co.uk.

Since 2008 , when construction was approved, property prices near future Crossrail stations have already increased by 20% greater than the average for London. And for the next five years prices will increase by another 13% over the overall growth in the British capital. For homes in central London 13% of price increasing is quite a lot and measured in dozens of thousands euro.

Railway of 118 km length will cross London from west to east and connect remoted environs to the city centre. In the heart of the capital Crossrail will go under the ground (the red area on the map) and will be integrated with the metro stations. 200 million passengers will use it every year, and the travel time to city centre for commuters  will be reduced on the average by quarter, from 60 to 45 minutes.

Crossrail will lead to property prices increase in London | Photo 1 | ee24
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Photo: crossrail.co.uk​