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New Rail Route Set To Boost East London Property Market
NEW RAIL ROUTE SET TO BOOST EAST LONDON PROPERTY MARKET
As the first section of the long-awaited £1 billion East London rail route officially opens today, it is the local housing market and not the political landscape that will feel its full impact, says email4property.co.uk, the UK’s largest online network of estate agents.
The extension of the old East London Line opens up a brand new overground route between Dalston Junction in the north and West Croydon to the south of the city. Expected to service 100,000 commuters a day, the new line has the potential to dramatically transform the fortunes of homeowners along the twelve mile route.
Steve Lees, Head of Marketing at Email4Property.co.uk, comments:
“While it will no doubt be used as another political football in the run up to the General Election, the real winners of this historic development to the London transport system will be those who currently own property along the extended route.
“A development of this magnitude will support house price growth in the area and provide a valuable tool for vendors to woo elusive buyers in the current competitive market. Landlords in this part of the capital are also set to benefit from further strengthening to an increasingly robust lettings market.”
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Article date: 4/29/2010 12:00:00 AM