'Crossrail effect' adds steam to London home prices

12 March 2015

crossrail-effect

The ‘Crossrail effect’ article by Laura Latham focuses on how influential the Crossrail transportation project is for the London property market. The article draws attention to the Crossrail scheme which is due to open in 2018, and will link the city from east to west, connecting suburban towns and inspiring growth potential.

Latham draws attention to the transforming area of Bayswater, and how luxury developers are flocking to the area. The Hempel Collection in Craven Hill Gardens is included as an example of a new luxury property development attracting international buyers at the height of the Crossrail scheme.

The benefits of the Crossrail rail line are significant to the property sector, with the travel time advantages key for potential home buyers and investors. The enhanced accessibility to other areas of London is an attractive trait to international buyers looking to buy a practical and convenient property with good value. Laura Latham highlights several areas] which will substantially benefit from the scheme with improved accessibility. Latham additionally points out a number of report figures which predict how effective the scheme will be including the estimation that Crossrail will deliver around 57,000 new homes The article underlines the impact of the scheme and how it will transform the market with much faster journey times to London now a possibility.

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