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London airport expansion will boost house prices
17-Jan-08
The value of properties close to London City Airport may increase as the hub expands.In the last 12 months, passenger numbers at the airport have increased by 23 per cent.However, although many people may see this as a negative thing for local homeowners,...
Brits overspend on home improvements
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Print this articleLondon airport expansion will boost house prices
17-Jan-08
The value of properties close to London City Airport may increase as the hub expands.
In the last 12 months, passenger numbers at the airport have increased by 23 per cent.
However, although many people may see this as a negative thing for local homeowners, property website Buy Association believes that it is in fact a positive.
"London City Airport is a bit of a different one because it's very much an urban airport and has always been right in the middle of residential areas so there aren't any huge planes that use it. It's very much a business airport so it's only really private jets and smaller aircrafts. So the disruption is fairly minimal… the noise isn't that bad," said website spokesman Paul Collins.
"The transport is good, particularly in that part of London because you've got the new developments going into the Olympics site, you've got the fact that the Docklands Light Railway is extending down to Woolwich as well.
"The transport infrastructure in the area is improving hugely… so it's more of an advantage than a really bad thing," he added.
Many parts of London are also set to benefit from increased house prices due to the arrival of the Olympic Games in 2012.
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