Night flight blight triggers house price crash
HBM
Ramsgate property prices have dropped over 7% in the last 6 months.
The effects of "night flight blight" can already be seen in the fall in house prices in Ramsgate, as compared to the rest of Thanet.
Despite its architectural richness, thriving independent retail sector, attractive harbour and the new high speed rail link, prices in Ramsgate over the last 6 months have fallen sharply (from www.zoopla.co.uk):
|
Ramsgate: |
-7.36% |
|
Broadstairs: |
+0.54% |
|
Margate: |
-1.70% |
The high speed rail link was expected to boost property prices by up to 20%, so what's gone wrong? The answer, my friend, is lumbering over the horizon, blotting out the moonlight and wrecking thousands of lives across north-east Kent. The answer is night flights.
The wisdom of crowds: does anyone know whether local residents would be able to claim compensation from TDC or Infratil for the loss in value of their homes, and how we would set about it?
If you do want to be able to claim any kind of compensation for the loss in value of your single most expensive asset (your home), you'll need to have some "before and after" figures, so get in touch with some local estate agents and get your home valued now.
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