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House prices: Has high-speed rail hijacked your home?

Posted By abidmomin on Aug 28, 2010   FROM: telegraph.co.uk report abuse
House prices: Has high-speed rail hijacked your home?

Like the villagers in the 1953 Ealing comedy The Titfield Thunderbolt, the British are supposed to love their railways. Until, that is, someone wants to build one passing a mile or two from their home, in which case they are quickly aroused into a state of fury about the effect on their house prices. Never mind Swampy, new road schemes can be far more popular with homeowners than a proposed high-speed railway.

There has been such bitter opposition to High Speed Two (HS2) – the proposed express line from Euston to Birmingham, Manchester and the North – that the Government last month unveiled an Exceptional Hardship Scheme for owners of properties blighted by the plans.

Read Full Story from telegraph.co.uk

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