Crossrail adds £5.5bn to house values

14th August 2015

According to Crossrail's land and property director, Ian Lindsay, the east-west rail line, due to be completed in 2018, is set to add £5.5bn to house values. Regeneration is going ahead along with the construction of a new transport system, with 3.3m sq ft of residential, office and retail space planned above Crossrail stations. A total of 57,000 new homes will be built along the route, while councils are upgrading town centres and investors are buying up property. Figures from CBRE suggest that since Crossrail was approved in 2008, the value of homes around the stations along its route has grown by 20% more than underlying capital appreciation in London and the South-East.

Evening Standard, Homes & Property (12/08/2015)