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Fast Trains Boost London Fringe Homes by 29% Before Tracks Open

  • Home values in West Ealing, Palmers Green lead price gains
  • Price growth in commuter markets to outperform central areas
LONDON, ENGLAND - JUNE 12: A close up of a Lego tube map showing the future in the year 2020 is displayed at Kings Cross Station on June 12, 2013 in London, England. Five tube maps have been made from Lego to celebrate the 150th anniversary of London's famous underground rail system. Made from a thousand bricks, each map shows the network's evolution from 1927 to a glimpse of the future in 2020.
Photographer: Peter Macdiarmid/Getty Images

Home prices are surging in London’s outer districts as improvements to rail networks and lower prices lure Londoners further out of the expensive city center.

Home values in West Ealing, where the commute time to London Liverpool Street will fall by half when a Crossrail train station opens in 2019, climbed 29 percent in the 12 months through February, according to a Bloomberg analysis of preliminary Land Registry data. That compares with a 12 percent increase for London as a whole, the data showed.