{"id":6029459,"date":"2020-02-20T09:15:27","date_gmt":"2020-02-20T09:15:27","guid":{"rendered":"https:\/\/www.buyassociation.co.uk\/?p=6029459"},"modified":"2020-02-20T09:15:27","modified_gmt":"2020-02-20T09:15:27","slug":"high-speed-rail-coming-to-uk-should-you-invest-in-property-near-hs2","status":"publish","type":"post","link":"https:\/\/www.buyassociationgroup.com\/en-hk\/news\/high-speed-rail-coming-to-uk-should-you-invest-in-property-near-hs2\/","title":{"rendered":"High speed rail coming to the UK – should you invest in property near HS2?"},"content":{"rendered":"
Earlier this month, Prime Minister Boris Johnson confirmed that plans to build HS2 would go ahead. Here’s how it might affect house prices.<\/strong><\/p>\n Plans to connect London to the Midlands and north of England via a high-speed rail link have once again been given the green light<\/a> by the government. The controversial proposals have been under debate after the projected costs for the scheme had more than doubled, while the time frame has seen yet another extension.<\/p>\n However, the latest affirmation for HS2 is being hailed as a hugely positive step for the UK by its supporters. The new line will shorten travel times between the capital and the rest of the UK, boost capacity, create new jobs and reduce the impact of the existing north-south<\/a> divide across the country. The government also says the line will increase output and boost the country’s economy.<\/p>\n HS2 is currently the largest infrastructure project in Europe, and its implementation will no doubt affect the economies of the areas it passes through. House prices in these locations will almost certainly be influenced by the new line over the coming years – and to some degree this impact is already being felt.<\/p>\n The proposals remain largely the same as they were before Boris Johnson’<\/a>s latest announcement, but with slightly extended timeframes. Phase one, connecting London to Birmingham, is now due to complete between 2028 and 2031, and will reduce journey times between the cities to just 52 minutes. Phase two is then expected to complete between 2035 and 2040, and will see the connection extend from Birmingham up to Manchester, Leeds and hopefully beyond.<\/p>\n The following representation was published by the BBC:<\/p>\nWhat are the plans?<\/h4>\n