Image: CrossrailThe new train line across London, Crossrail, is boosting house prices despite still being a year away from opening, according to the Land Registry.
House prices in areas where the Elizabeth Line crosses through saw growth of around 2.5 - 3 times more than the national average. Slough, where the line ends at its western end, saw prices rise by 19% in February, compared with last year - the fastest increase in the UK.
The Borough of Hillingdon in the west of London saw prices go up by 17.1%. Areas east of the capital also reported strong growth, with Havering prices up 16.9%, Thurrock growing by 17.2% and Barking and Dagenham reporting a 16% increase.
Across England and Wales, the Land Registry said house prices grew by 6.1% in the year to February. Based on its own figures, the average property price is now £190,275.
Crossrail is not due to open until May 2017, between Liverpool Street and Shenfield. The fact that services along the full line between Reading and Shenfield do not start until at least December 2019 make the impact even more significant.
