New UK high speed link will affect property

Published by Property Wire on Monday, 16 January 2012
HouseThe new high speed rail link between London and Birmingham recently approved by the UK government means that property owners along the route should seek advice.

Justine Greening, the Secretary of State for Transport, has revealed the exact route showing that Phase One will pass through open countryside in Buckinghamshire, Oxfordshire, Northamptonshire and Warwickshire including the Chilterns Area of Outstanding Natural Beauty.

‘Since the initial announcement in March 2010, HS2 has had a marked effect on the local property market, creating a significant amount of uncertainty and anxiety leading to many properties being blighted by the proposals. We hope the Government’s announcement of the exact route to be taken will bring confidence back into the market,’ said Nicholas Rudge, head of Savills Residential in Banbury.

To date those unable to sell property …

Tags: house market, local property, london house prices, property, train link

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