On Sun, 28 Sep 2014 10:59:38 -0500 Recliner wrote :
But the study found that homes clustered around some stations will see a
larger spike than others.
“Tottenham Court Road has long been portrayed as the epicentre of the
Crossrail project with huge amounts of development in the area and it is
also one of the main central stations,” said Russell Quirk, the founder of
Essex-based eMoov. Prices in the area are now over four times higher than
10 years ago, the report showed. In 2004 an average flat was worth
£240,000, but has risen by 439pc to more than £1m.

If the UK had a more sensible way of taxing property than Council Tax, then
the public purse would see some return from massive investments like
Crossrail. Instead AIUI CT is just levied on the 1991? value. There is of
course a lesser gain from Stamp Duty when such properties are sold.

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Tony B, Melbourne, Australia