infrastructure work

86% of property developers believe Crossrail offers most potential for resi schemes

Almost two-thirds (63%) of property investors have ranked rail improvements as providing the most attractive development opportunities from the government’s £23bn infrastructure scheme, according to a recent survey.

Research by Amicus Property Finance has revealed that this was followed by improved road transport links (55%), local authority-sponsored urban regeneration schemes (48%) and airport upgrades (43%) in terms of potential offered by developing adjacent sites.

More than three-quarters (77%) of property developers ranked Crossrail and Crossrail 2 as offering the most potential for residential schemes, ahead of High Speed 2 (51%), Thameslink (47%) and superfast broadband (14%).

Over four-fifths (86%) of property developers believed that their peers are increasingly looking to capitalise on opportunities generated by the new government infrastructure programme over the next five years.

Keith Aldridge, managing director at Amicus Property Finance, said: “The government’s decision to invest in building new infrastructure and upgrading existing assets provides a tremendous opportunity for residential and commercial property developers and we can expect this to continue for many years to come.

“The longer-term impact of this infrastructure programme on regenerating existing residential communities and creating new ones cannot be underestimated, particularly when combined with the government’s renewed commitment to addressing the country’s housing gap.

“We have already seen growing demand among developers seeking short-term finance to fund infrastructure-related residential and commercial schemes.”

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