Rail line may blight house prices

Yorkshire Post - Property - - PROPERTY -

Prop­erty own­ers on pos­si­ble routes of the new high speed rail line link­ing London to Scot­land could see their house prices plum­met.

Knight Frank says prop­erty val­ues could be af­fected, even though no spe­cific route has been de­cided.

At present, the Ex­cep­tional Hard­ship Scheme (EHS), which can pro­vide com­pen­sa­tion to those whose prop­erty has been de­val­ued by the prox­im­ity of the pro­posed HS2 route, only ap­plies to the London-to-Birm­ing­ham leg of the line.

A Knight Frank spokesman says: “The Govern­ment will now be un­der pres­sure to ex­tend the EHS north of Birm­ing­ham.”

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