| Re: Has the Elizabeth line led to a rise in rental prices? Posted by Electric train at 09:58, 21st October 2025 |     |
The delays in construction and the pandemic slowed the process but, it was predicted, indeed many local authorities such as RBWM, Slough planned for it; also you only have to see the amount of house building in the Hayes and Southall areas showing it is a popular line to live along, from my limited travel to the South East there is house building in the Woolwich and Abby Wood areas
Used to be called the 'sparks effect'
| Re: Has the Elizabeth line led to a rise in rental prices? Posted by Noggin at 08:57, 21st October 2025 | |
As the Elizabeth Line was being built, there were lots of informed people who were fairly convinced that on opening or shortly after, it would be serving Reading - it was necessary operationally, but it complicated the project business case didn't stack up with electrification costs, additional risk etc. so got set aside.
Anyway, the day it was actually announced, the local estate agents repriced almost everything in their windows, adding another 20%. Mate was buying a house at the time and nearly had a heart attack!
Incidentally, my old terraced house near Reading Station sold earlier this year. Quadrupled in price in 25 years.
| Re: Has the Elizabeth line led to a rise in rental prices? Posted by Chris from Nailsea at 21:04, 20th October 2025 | |
It is no surprise at all to me, personally.
We moved house, almost exactly two years ago, within Nailsea. It was interesting how all of the local estate agents' particulars made a point of mentioning that Nailsea has excellent main line railway services, direct to Bristol and London, for example.
In a previous employment, based in central Bristol, my colleague Nick and I occasionally had to go to London for a department meeting. Nick lived to the east of Bristol, so for him it was a bit of a faff to get into Bristol, early in the morning, to join the train. I was already on that train, having had a mere ten minute stroll down to the station at Nailsea, so I was halfway through my second bacon bap and coffee when Nick joined me at Temple Meads.
CfN.
| Re: Has the Elizabeth line led to a rise in rental prices? Posted by grahame at 20:38, 20th October 2025 | |
Figures from the Office for National Statistics suggest there has been a disproportionate rise in rents along its route.
Err ... are we surprised? I would have been surprised if that had not happened.
| Re: Has the Elizabeth line led to a rise in rental prices? Posted by Oxonhutch at 20:16, 20th October 2025 | |
I think this was largely predicted prior to its opening, indeed was promoted as a benefit, raising property values along its route.
I do wonder if the price rises are equal both east and west of the city, or whether the increases have been asymmetric.
| Has the Elizabeth line led to a rise in rental prices? Posted by Chris from Nailsea at 18:42, 20th October 2025 | |
From the BBC:
Like many in their mid-20s, Tia Costell feels young people are being priced out of finding their own place to live.
"It's hard enough for people to rent in London, let alone get on the property ladder. Properties are so expensive and hard to come by - if you can't get there on the same day, you can't even get a viewing."
This is a familiar story across the country, and particularly in London. But has the capital's flagship infrastructure project - the Elizabeth line - made renting even more expensive?
The Elizabeth line opened in May 2022, and has become the UK's busiest railway line, carrying one in six train journeys in the whole country, according to Transport for London (TfL).
Figures from the Office for National Statistics suggest there has been a disproportionate rise in rents along its route.
(BBC article continues)
