Prices in 40 stations on the Elizabeth line have risen by 48.01% in a decade compared to 25.95% for the whole of England.
House prices in areas near Crossrail stations have increased at nearly double the typical rate in England, data from property crowdfunding platform Property Partner has found.
Prices in 40 stations on the Elizabeth line have risen by 48.01% in a decade compared to 25.95% for the whole of England.
The 73-mile line, providing a high-frequency commuter and suburban train service, will link parts of Berkshire and Buckinghamshire, via central London, to Essex and south-east London.
Dan Gandesha, chief executive of Property Partner, said: "Although the impact of Crossrail on the property market has been long heralded, this research is a solid reminder of how stations along the route have outperformed non-Crossrail locations over the past decade.
“Dramatic cuts in commuting times and substantial regeneration of some of the areas along the Elizabeth line have been the main appeal driving price growth.”
He added: “Prices near many Crossrail locations are still forecast to keep rising. Demand from owner-occupiers and tenants will only intensify once the projects are complete. For example, it currently takes 35 minutes to travel from Ealing Broadway to Liverpool Street station. That time will be almost halved when Crossrail arrives.
“The Woolwich and Abbey Wood areas are also interesting case studies. The huge scale of their regeneration projects, combined with slashing of travel times to Canary Wharf, means that real change is likely to take place over the next few years.”
