The Impact of Crossrail on Property: an update
Crossrail is currently Europe’s largest infrastructure project and its impact on London will be huge, cutting journey times into central London by an average of 15 minutes. What does this mean for property?
Since Crossrail received the go-ahead, prices around its host stations have increased by 31% over the wider market, which exceeds our original estimates. As a result, we have revised our forecasts and we now calculate that property prices around Crossrail stations will increase by 3.3% per annum – over and above wider house price growth – until the full effect of Crossrail has been realised.