Yes of course it caused rent rises, and it makes sense that it would. It’s a fast efficient railway system and people want short commutes. Tube stations are always hotspots for property prices and rent.
This is really not a surprise.
What is not covered in the article is there remains a major housing shortage in London. Rents have gone up 28% in 3 years including away from the Elizabeth line which is shocking but is treated like it’s normal.
There are multiple factors in that including high inward migration to London, and a shortage of new properties to match the influx. Property is also treated like a commodity with rich foreigners owning property as an investment in London’s market. Other countries actually deal.woth that nonsense while the UK continues to embrace it even to the detriment of many of its citizens.
Yes of course it caused rent rises, and it makes sense that it would. It’s a fast efficient railway system and people want short commutes. Tube stations are always hotspots for property prices and rent.
This is really not a surprise.
What is not covered in the article is there remains a major housing shortage in London. Rents have gone up 28% in 3 years including away from the Elizabeth line which is shocking but is treated like it’s normal.
There are multiple factors in that including high inward migration to London, and a shortage of new properties to match the influx. Property is also treated like a commodity with rich foreigners owning property as an investment in London’s market. Other countries actually deal.woth that nonsense while the UK continues to embrace it even to the detriment of many of its citizens.