Wednesday, 9 July 2014

No compensation for homes 500 metres from HS2

Home owners living 500m from the HS2 rail line will not be automatically entitled to compensation despite a report warning ministers they could be blighted by the project and could lead to a drop in property value of between 10% and 20% during construction. Under plans put out to consultation on Tuesday anyone living between 120m and 300m of the line will be offered payments of £7,500 to £22,500 to help them “share early in the benefits of HS2”, while those living closer can choose to stay put and receive cash compensation of £30,000 to £100,000. But home owners living between 300m and 500m away will only be provided for under the new measures if they can prove they have a compelling need to move. The Daily Telegraph,

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