The UK population is in crisis- it’s hurtling towards the 70 Million mark and London alone is set to top 13 Million over the next three decades. Although many experts say this can only mean trouble for the NHS and other important public services, Property investors are among those who have the confidence to sit back safe in the knowledge that their money in good hands.
In response to this well documented occupancy problem the UK Government have invested in huge infrastructure projects to help us cope better with housing need and transportation. The much anticipated Crossrail project is now just over a year away, and it’s great news if you live along the line and are thinking about selling in the near future, with property prices still rocketing.
Proskips explains- “Crossrail is expected to generate an income of over £500 Million, and it’s particularly pleasing for investors who have had the foresight to buy in the less desirable areas of London.” Places like Stratford, Elephant and Castle and Acton have all been subject to major regeneration projects over the past few years, meaning that anyone who’s already invested in these areas is likely to find a lovely nest egg to help secure their financial futures.
Crossrail is launching in the Autumn of next year and will connect Canary Wharf to Heathrow, with huge improvements made to stations along the way. It’s going to make it much easier for people to move around both inside and outside the city, and plenty of high spec penthouses are popping up along the way. Hackney, which has become increasingly popular with young and fashionable buyers over recent years, now has even more of an impressive price tag thanks to the related regeneration work. Nine Elms promises to be the new Covent Garden and there are 16,000 new homes up for grabs and plans for a new US Embassy in the area. It will be well appointed and exclusive, but if you’ve got cash to splash you could do a lot worse.
Lawsons & Daughters issues a timely reminder that now’s the time to act- “The important thing to remember here is that we’ve been talking about Crossrail for a long time, and now it really is only just around the corner. These great investment opportunities aren’t going to be around for much longer, so if you’re looking to benefit from the Crossrail line you’ll have to be quick.” Even Brexit doesn’t seem to have dampened investors’ spirits-these areas are still just as popular as they were a year ago, particularly with overseas investors.
The UK is changing but it’s not all doom and gloom for the property market. LDG summarises, “Times are uncertain, yes, but we are sure of one thing- people will always need houses. With a rapidly expanding population and not enough homes to go around, now’s the time for savvy investors to take advantage of all the positives that Crossrail has to offer.”
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