The Central London property market offers stable investment for several wealthy Europeans and locals. With the recent eurozone crisis and Greece on the brink of exiting from the euro, the number of property buyers in Central London has increased. Prices for prime central London properties have sky rocketed in the past few months due to a low housing supply compared to the high demand from local and foreign homebuyers. In particular, popular postcodes for investors include W2, SW3 and W8. W2 encompasses areas such as Paddington, Bayswater and Notting Hill which are exciting places with lots of potential for growth and are well linked to the City, Canary Wharf and Heathrow Airport. If you are interested in purchasing or renting property in this area, then it is wise to enlist the services of Central London estate agents.

There are many benefits of using the services of Central London estate agents for all your property needs. They tend to have all kinds of inside information, which normal citizens are not privy to and will have an in depth knowledge of the surrounding area and properties in the neighbourhood. Estate agents will also have a wealth of information regarding the Central London market, which will help you decide the best time to buy or sell property. Central London estate agents will also have good contacts with other local agents and professionals that are involved with property, making it convenient if you need to use their services as well. Another important benefit of hiring the service of an estate agent is that they will be able to keep you informed if a property that suits your requirement becomes available and agree to a deal for a prompt transaction without having to advertise. Conversely, if you are looking to sell your property, they will be able to inform you of any interested parties and make arrangements easily, efficiently and quickly.

By hiring the services of a Central London estate agent, you will no longer have to worry about your property search and transaction – you can leave this to the professionals, and take care of other things in life. As Central London is a very expensive, volatile and highly sought after market, it is best to use the services of professionals who know the ins and outs of the real estate market, instead of attempting to tackle this venture on your own.

Crossrail, a joint venture between the Department for Transport and Transport for London, is the new railway scheduled to be completed in 2018 linking Maidenhead and Heathrow in the west, to Shenfield and Abbey Wood in the east. New stations are being built at Paddington, Bond Street, Tottenham Court Road, Farringdon, Liverpool Street, Whitechapel, Isle of Dogs and Woolwich. The new railway is estimated to increase London’s rail capacity by 10 percent and transport 200 million passengers a year.

The benefits of Crossrail are endless – London and the South East will have a world-class, high capacity and affordable railway that will ease congestion with the public transport system. The railway will provide faster and better access to London, generate thousands of job opportunities and will be a key part of London’s plan for future growth with economic benefits estimated to give a £42 billion boost to the country. Construction of the new Crossrail station at Paddington has already begun, promising step-free access between platform and concourse with an easily accessible entrance for all passengers. The new station will have improved taxi facilities and new interchange facilities with rail, tube and bus services.

The opening of Crossrail in Paddington will have a dramatic effect on residential property prices and will entice a new buyers’ market to the area. When complete, Crossrail will reduce journey times from Paddington to the West End, London and the Docklands. Those working in the city will find it convenient to live Paddington. The most important impact of Crossrail in Paddington will be the improvement in the image of the area, transforming and regenerating the area around, bringing value to property. New stations can be used as business hubs, with offices, shops and homes built above and alongside, making the area a much better address and even more desirable in terms of property.

Expert estate agents have predicted that property prices will increase by 30% in prime areas by the end of 2015, forcing buyers to move to these new hotspot areas, around Crossrail stations. The railway will have a dramatic impact on development in London and surrounding areas over the next decade and promises to boost the property market. Paddington has been identified as a hotspot area benefitting from Crossrail, with property prices predicted to rise by 51%!

Find more details about Paddington estate agents from Cavendish Rowe – Central London Estate Agents.