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Increased Demand in Outer London: New Business and Housing Developments

Posted by bonnix on November 29, 2016
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The previously overlooked Southall, Woolwich, and Abbey Wood are only some of the Outer London areas drawing their reputation to become amongst the hottest names on the property market. The Elizabeth Line, which will run from Reading and Heathrow in the west, eastwards to Abbey Wood in South-East London and Shenfield in Essex, will allow better access from many outlying areas into central London.

Scheduled to open up in December 2018, the Elizabeth line is supposed to ease congestion on other method of public transport throughout the city. The house prices along the areas serviced by The Elizabeth Line are also set to boost up as demand for property in these areas continue to increase.

New development and revitalization of the areas surrounding these stations covers housing and new public spaces, as well as new shopping districts. With these changes, the popularity of areas across many London boroughs are now set to boost.

Even the areas in East London, such as Redbridge and Newham, are all upgrading their transport links, which will then increase its popularity with working young professionals!

It is true that improvements in transport links are often accountable for boosting investment opportunities in local areas. This is certainly correct for those areas located along The Elizabeth Line, as demand in these areas has already sky rocketed within the past months.

There is now joined-up thinking from city planners regarding modifications and improvements in infrastructures, as well as a whole new housing plans and business developments. We’ve already seen it with the restoration of several lines and it is now happening again with The Elizabeth Line.

Transport infrastructure and housing development are intrinsically connected. Any new development needs to have favourable and accessible links to the City and West End, in order to provide convenience to London’s mobile workforce. Recent developments such as Nine Elms are already seeing enhanced demand driven by the future ease of commuting.