London’s pedal power steps up a gear with opening of cycle superhighway extension

Public and private sector infrastructure initiatives point to a ‘bright and prosperous future’ for London property

London’s ever-expanding 'always-on' transport system has seen the opening of a major extension to Cycle Superhighway 6, that now connects Elephant & Castle all the way up to King’s Cross. 

The £11 million investment will add 1.5 miles of segregated cycle track between Farringdon and King’s cross, and comes as part of ongoing Government improvements to the city’s cycling network, making it even easier for people to travel across the city whether for work or for social events. 

The Autumn Budget last month brought further good news for travellers and commuters as more investment into the nation’s infrastructure was announced. 

This included the announcement that half of the UK’s £600 billion infrastructure pipeline will be built and financed by the private sector. The initiative will be helped along by a permanent tax relief for new non-residential structure and buildings such as London's City skyline offices that are under supplied in meeting the demand from international companies and their aspirational employees.

Previous research shows now new major infrastructure developments can have a transformative impact on property prices, and lead to buyer interest in areas previously not considered. 

Stephen Ludlow, Chairman at Ludlowthompson, comments: “As cycling becomes ever more popular, the superhighway will become a major selling point for nearby properties.” 

“Looking more broadly, our experience has proven how new developments, such as the Night Tube and the new Elizabeth line, have boosted the attractiveness of local areas.”

“We welcome recent budget announcements placing greater emphasis on the private sector to help improve the capital’s and nation’s infrastructure. The public sector cannot do it all on its own so the recently announced tax reliefs will help encourage greater private sector investment.”

“That not only makes it easier for people to move into and out of central London, but ultimately infrastructure improvements have a discernible positive impact on property sales."