Crossrail’s impact on the UK’s house prices

Crossrail’s impact on the UK’s house prices

Since the announcement of the new High Speed Rail connecting the country faster than ever, areas of the west side of the route have seen a much stronger than average growth of house prices, Nationwide revealed.

London and the South East are served by an extensive network of rail and road links which gives commuters the option to travel in and out of the capital, the Nationwide report revealed. The Crossrail project, a railway line spanning from Reading and Heathrow in the west to Shenfield and Abbey Wood in the east, will be another improvement to this network.

September’s Rent Update: Price growth eases further

The 40 station route connects towns in Berkshire and Essex to the City’s big employment centres as well as Canary Wharf. The line is expected to be fully completed by the end of 2019.

The Crossrail is only the first part of a major project to connect the country better. High Speed 2 and High Speed 3 are planned to follow shortly, meaning the current developments in the South are great indicators of what will happen across the rest of England in a couple years’ time.

UK close to critical property shortage, Rics warns

On the west side of the route (the Great Western mainline), rates of house price growth have been significantly higher than the rates recorded in the region as a whole and the UK average since the announcement of the project.

The two best performers over the last 24 months have been Slough and Reading, with house prices rising by 39% and 33% respectively since April 2014, compared with the regional average of 22%.

Andrew Harvey, Senior Economic Analyst at Nationwide, comments:

Our analysis suggests that the Crossrail project has provided a significant uplift to prices on the western section of the line to Berkshire. Slough, in particular, has seen house prices rise by 39% since April 2014 – nearly double the average rate of growth seen across the South East as a whole. Average house prices in the town have historically been around 15 per cent to 20 per cent lower than the regional average, but the growth seen since 2014 means that prices are now just around six per cent lower than the South East average.

“It will be interesting to see if the house price trends seen in both Slough and the wider South East region continue over the next few years as the full service is introduced.”

Self-certified Sophisticated Investor

Please read

I declare that I am a self-certified sophisticated investor for the purposes of the restriction on promotion of non-mainstream pooled investments. I understand that this means:

I am a self-certified sophisticated investor because at least one of the following applies:

I accept that the investments to which the promotions will relate may expose me to a significant risk of losing all of the money or other property invested. I am aware that it is open to me seek advice from someone who specialises in advising on non-mainstream pooled investments.

High Net Worth Investor

Please read

I make this statement so that I can receive promotional communications which are exempt from the restriction on promotion of non-mainstream pooled investments. The exemption relates to certified high net worth investors and I declare that I qualify as such because at least one of the following applies to me:


Sign up for first access to new developments and exclusive property investment opportunities.

We send limited and targeted emails on new launches and exclusive deals which best fit your areas. We are trusted by over 30,000 active buyers as their source for new stock.

  • New property developments
  • Professional market reports
  • Property deal alerts
  • Development updates
Manchester property investment


Receive trending news straight to your inbox and stay up to date on all of the property market trends and advice.

Established since 2005 we are a leading voice of authority and commentary on the UK property market. Our news is trusted by Apple News & Google News.

  • UK housing market
  • Mortgage & money
  • Buy-to-let landlords
  • Guides & advice

Talk to us

Speak to our UK property experts today:


+44 (0) 333 123 0320

Open from 9am-6pm GMT


+852 6699 9008

Open from 9am-6pm HKT