Nathan Emerson, Propertymark CEO, has commented on Rishi Sunak’s announcement scrapping HS2.
He said: “Whilst a diversion of resources into other rail networks and transport infrastructure will support existing and new housing across the country, many of our members will have worked with homeowners impacted by house prices and other changes from the planned construction of HS2 from the West Midlands to Manchester, so its immediate cancellation brings more questions than answers.
“What happens to those homeowners who have already had their house values affected by HS2 and those who have previously applied to the UK Government’s Express Purchase Scheme.
“HS2 and the Department for Transport must provide urgent clarity on these matters to limit the impact on the housing market and get many of the properties currently sitting empty back available for people to live in.”
