High speed rail property advice in South Yorkshire

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HOMEOWNERS and businesses near the route of the planned new high speed rail line through South Yorkshire are being advised to seek professional advice about possible compensation.

Chris Selway, director at BNP Paribas Real Estate, who has 34 years’ experience in the property industry specialising in CPO and the rail sector, said: “HS2 is coming, so seek professional advice and check how you are affected. If you are affected, contact HS2 and respond to their consultations over the next 18 months.”

“It is crucial to formulate your strategy to protect your position – keep formal notes and monitor property values.

“Don’t stop repairs or redecoration and maintain your property’s value. I would also advise owners to keep detailed records of expenditure, losses or write downs.”

BNP Paribas Real Estate is hosting seminars about the compensation consultation process. Email ian.doak@bnpparibas.com for details.