Crossrail effect cripples young buyers

Source: Network Rail The Crossrail effect will make the rich richer and squeeze first-time buyers further out of London. Areas graced by any of the Crossrail’s links will enjoy multiplying property values, adding an estimated £5.5 billion overall, according to Crossrail’s land and property director, Ian Lindsay. The Crossrail’s benefits have been widely reported, and rightly so if the system lives up to its claims; putting an additional 1.5 million people within 45 minutes of London and reducing journey times across London by up to half. Even so, with further property price hikes, is this good news for the younger […]