HS2 WILL CAUSE PROPERTY PRICE RISE IN LONDON

Responding to Sir David Higgins claims that HS2 will mean property prices in London will fall, Richard Houghton, a Director for HS2AA, said:

 

“To the contrary. HS2 will push property prices up in London, because it will suck business into the capital – and create more jobs than the housing market can cope with – rather than send business to the regions.

 

“Economic success in the regions will be down to massive infrastructure and business investment locally – the growth and success of Lille is being attributed to Eurostar, but the high speed line into Lille simply provided delivery to an area in which there was huge investment locally independent of the high speed line.

 

“None of the proposed destinations in Britain for HS2 have the wealth to invest to the extent required to capitalise on the HS2 vanity project.”