High Speed Update
On 11th February 2020, the Government announced that they have decided to go ahead with HS2. This means the works will continue to build a high-speed rail link between the North and South to connect major cities (London, Birmingham, Leeds, and Manchester).
However, there is a divided opinion about the HS2 rail line:
- It will encourage more people to travel by train instead of car or flying. Leaving a lower carbon footprint.
- Free up the capacity on the existing lines for local commuters.
- Journey times from London to Birmingham will be less than one hour. Also quicker rail links to Manchester and Leeds.
- HS2 may only benefit a small section of the population who use trains between major cities.
- The cost of this continues to rise.
- Residents are unhappy at the impact it has on living standards and home values.
Questions have been raised regarding property prices and if HS2 will affect property prices in the Midlands and the North… It’s uncertain that if this will happen, but with a large improvement in transport links (especially to London), property prices do tend to go up. It’s more likely properties within a 10 to 15-minute walk away from an HS2 station will see house prices increase.
We can help your clients find out if their property will be affected by the HS2 line... Using a variety of providers that give a comprehensive search for any planned infrastructure such as HS2, cross rail or underground.