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Infrastructures like HS2 shape the future of the UK economy. They support long-term economic activity and help with the restoration of the economy through revenue generation, employment opportunities, and access to fundamental locations.
HS2 will link the working population to their workplaces and improve connectivity between major cities. By pushing more capacity onto the road networks, investors should expect more connectivity as more people will be able to commute to their jobs or travel domestically on holiday. High levels of efficiency increase economic and societal benefits.
In 2021, HS2 employed 28,000 workers. Not only does the completion of HS2 ensure that skilled workers earn their living, but it also connects large and small supply chains across the country. For Hong Kong investors, the completion of HS2 will come with the following benefits:
Connectivity
Transport infrastructure like HS2 increases connectivity for numerous people who desperately need faster routes for transport from their homes to work or school and back. Investing in the property along HS2 will catalyze regeneration which will have lasting effects and real social value for decades to come.
Better rental yields
The population that demands for property with easy access to reliable transport will be attracted to property along HS2, which will benefit investors by increasing rental yields and occupancy rates. Extra jobs and better transport links will re-invigorate the Northern powerhouse and ease the burden of the cost of living for a huge population of Leeds, Sheffield, Chesterfield, and Toton. As a result, landlords can be assured of an increase in on-time payments.
Increase in property value
The appeal of better transport links has driven up the demand for property along HS2. Aside from residential properties, major firms have started to open offices in Birmingham to get ahead of the newly established demographic in the area. As such, house prices will likely continue rising due to the promise of better accessibility. Upon completion, areas like Manchester, Leeds, and Nottingham will come into HS2 remit, slashing rail travel time to London. This improvement in transport links will increase the population in areas benefiting from HS2, and the surge in population will ultimately lead to an increase in property value.
Originally, critics were vouching for the HS2 construction to be halted. Still, the transport secretary stated that by working smarter, the project could be brought forward to improve connectivity between major cities. HS2 is set to benefit numerous people and businesses and prop up the economy as the UK recovers from the recent economic and political turmoil. It is essential that transport links are improved as this will significantly change the economic and social landscape for numerous neighbourhoods.
