New East London rail route to boost housing market

The new East London rail route will provide a major housing market boost that transcends the age-old north/south divide in the capital, says email4property.co.uk, the UK’s largest online network of estate agents.

The long-awaited £1billion extension of the old East London Line opens up a brand new overground route between Dalston Junction in the north and West Croydon to the south of the capital, offering swift central London access from both sides of the river Thames. Expected to service 100,000 commuters a day, the new line has the potential to dramatically transform the fortunes of homeowners along the entire twelve mile route. 

Steve Lees, Head of Marketing at Email4Property.co.uk, comments:

“A development of this magnitude will support house price growth north and south of the river along the new route and provide a valuable tool for vendors to woo elusive buyers in the current competitive market. Landlords in the areas served by the new line will also benefit from further strengthening to an increasingly robust lettings market, as greater accessibility opens up new parts of London to the rental market.”