Since its initial announcement, Britain’s new high-speed railway has generated its fair share of both support and criticism in the press. While some may be disrupted due to living directly in the path of HS2 may understandably be less than impressed at the impending construction, the benefits it could have on the country are undeniable.
So how could HS2 benefit the UK?
HS2 will help to connect London with the rest of the country, making it quicker and therefore easier for those living outside the capital to commute to work. Towns and cities that are located within reach of HS2 may find themselves more desirable, and could see an influx of people moving in to be closer to the stations. This could help boost the economy in those areas, with an increased number of people spending at local businesses.
It is possible that HS2 could generate an increased number of jobs across the UK, and in particular in those areas where there will be a station. Again, as the number of jobs in the areas increase we could see increased spending in local businesses, and a number of people moving into the areas for work.
What could this mean for strategic land investment?
Simply put, if a number of people are moving into an area whether this be for work or convenience, there is going to be an increased need for homes in the area, particularly if the local authority has already indicated a need for more housebuilding in order to fulfil the five-year supply.
Where more homes are required, it stands to reason that more land will also be needed and this is where strategic land may come in. Strategic land is greenfield land that is primed for residential development. Typically, it will have only been used for agricultural or recreational purposes in the past and will be located close to an existing settlement with good road access and access to amenities such as public transport, schools and shops.
This is the type of land that is typically attractive to housebuilders, as it is in a sustainable location for development. By providing housebuilders with this type of land, it is possible to assist with the need for new homes in the area.
For more information on strategic land or any of the points discussed above, please contact a member of the Intro Crowd team.
This article is for educational purposes only and does not constitute investment advice. This article does not amount to an invitation or inducement to buy or sell an investment nor does it solicit any such offer or invitation in any jurisdiction.
In all cases, readers should conduct their own investigation and analysis of the data in the article. Readers are strongly encouraged to seek independent legal and financial advice when considering an investment in strategic land. All statements of opinion and/or belief contained in this article and all views expressed and all projections, forecasts or statements relating to expectations regarding future events represent Intro Crowd’s own assessment and interpretation of information available as at the date of this article.
No responsibility or liability is accepted by Intro Crowd for reliance on the contents of this article.