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Showing results for tags 'Infrastructure Vs Downturn:'.
Not sure where to post this: Crossrail is one of the biggest public infrastructure projects in Europe; billions ploughed into a congested region where taking the central line is like a deleted scene from World War Z and where cattle people squeeze into every last remaining crevice of a central line/Shenfield-Liv St Train as if they were taking part in the Hunger Games. It will link the 2 branches of Shenfield and Abbey wood via Whitechapel + Liverpool St station to the Paddington-Reading section of National Rail. In the outer Areas of the current Liverpool to Shenfield line you have towns like Goodmayes, Seven Kings etc, which are within the M25 but prices are still significantly lower with a 3 bed around 270-320k - Expensive I know, but not when compared to the terribly inflated prices found in say Walthamstow and Croydon where 2 bed and 1 bed flats regularly go for above 300k. Question: As a House Price Crash Correction draws closer how much does such infrastructure negate any price drops? Does it even affect anything at all when the impending avalanche of panic descends on us all. I think with regards to this project any gains in crossrail prices will indeed be knocked back by the impending correction in the market but I'd like to hear from those of you that are wiser. Over to you, you crazy prophetic bearded sages.