2014-03-06

Evening Standard: "House prices show first signs of 'Crossrail Effect'"


Link to web site

"First evidence of the 'Crossrail Effect' on the price of new homes was discovered on Monday, after clambering into an £80 million concrete box in Woolwich.

"The submerged chamber at Royal Arsenal is 256 metres long, capacious enough to embrace a falling skyscraper, and designed as the perfect fit for a Crossrail station. The stop will cut the journey time to Bond Street to 21 minutes from 45.

" 'Prices have risen from £450 per square foot to £550 since last June, when it was announced the station would be built into our box," says John Anderson, chairman of Berkeley Group’s East Thames division. His remarks came after a descent to platform level and a tour of the 85-acre former munitions site, which holds 2000 homes, with space for 3000 more."

No comments:

Post a comment

Related Posts Plugin for WordPress, Blogger...