Sunday, June 3, 2018

Branson on Thames Valley June 2018 Issue 60

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It could be argued that we are emphasising the importance of Crossrail for the property industry too much but this would be to misjudge the situation.

For a start developers and agents inevitably refer to the imminent presence of a new Crossrail station as an important factor in a location, as we are seeing in the Thames Valley from Reading to West London.

Due to the overwhelming presence of London, the emphasis of the analysis has been on the impact for east west travel in the capital.

While that is true, another result is the creation of a sub region radiating out from Reading and including Maidenhead, Slough and, of course, Heathrow.

That is a dynamic region that relies on new industries and companies for its growth and is certainly attractive to foreign technology companies that hinge their growth on Heathrow.

Crossrail stimulates a wider geographical area of economic activity to the west of London.

There is nothing new about this. Consider the impact of the Victorian railway building or the post war motorway network.

Transport improvements bring growth and higher property values.

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