Given the understandable news focus elsewhere in the last few weeks, it would be easy to miss the announcement by the government on the 15th April, that they have issued a ‘Notice to proceed’ for Phase 1 of HS2, linking London to Birmingham. This means that contractors have formal approval for the main construction works...
It’s likely there will be some kind of uplift for properties in the vicinity of HS2 hubs and stations. However I would think it unlikely that the effect would be so pronounced as the 30-60% uplift reported around Crossrail stations, given that Crossrail is opening up easy commuting in the very heated London property market....
Uncertainty, misinformation and political unrest are not a new phenomenon within the United Kingdom. However, we are currently passing through particularly turbulent and uncertain times and the future of HS2 is contributing to this. This project has been inherited by three conservative prime ministers and four different conservative/ coalition governments, after it was originally devised...
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