lettings appletons on 01 Oct 2007 08:09 pm
Crossrail
The Prime Minister, Gordon Brown, has announced today that the long awaited Crossrail project will go ahead and the Government will supply the final third of the required funding. The £16 billion project will start in 2010 and become operational from 2015.
The news has been welcomed with eagerness by the property agents and investors alike. The line will start in Maidenhead, expectedly boosting the local property market as well as the businesses. It will almost halve the travel into the City of London and the Maidenodians do not need to even change trains.
The Crossrail will not only help modernise the rail travel into London from Maidenhead but will also create a lot of jobs into the Maidenhead area; with a very significant impact on the local housing market. Already there is a big build up of office headquarters in and around Maidenhead, most of which is currently vacant at the moment.
The BBC website reports almost a train every few minutes from Maidenhead. This is going to make some of the areas around Maidenhead property hot-spots.
However, there is still a long time to the launch of Crossrail and it would be safer to be cautious until all the specific details are published.
