HS2 and house prices: what the high-speed rail link means to you | Money | guardian.co.uk

HS2 and house prices: what the high-speed rail link means to you | Money | guardian.co.uk

The HS2 scheme, which has now got the go-ahead from the government, will have a huge impact on homeowners in the areas surrounding the proposed line.


The high-speed rail link will cut journey times by 30 minutes between London and Birmingham, and is the first part of a scheme which will eventually see trains running at speeds of up to 225mph to Manchester and Leeds.


But fear about disruption caused by the construction of the line, and the ongoing noise caused by the fastest train ever run, has already had an impact on the housing markets in some of the areas affected, with homeowners reporting an inability to sell, or that prices have been hit. The government says that out of 55,000 responses to a consultation on the plans, 36,036 (more than 65%) mentioned property.