Congestion Charging

Rat runs could hit house prices

Estate agents issue warning

Andrew Clark, transport correspondent
Wednesday February 12, 2003

The Guardian

London's imminent congestion charge could knock tens of thousands of pounds off house prices around the edge of the city's central zone, as motorists find new rat runs to skirt the £5 a day fee.

More than half of property experts polled by the Royal Institution of Chartered Surveyors expect to see the value of homes fall in quiet streets which experience a surge in traffic after the congestion charge begins next Monday.

More...
http://www.guardian.co.uk/uk_news/story/0,3604,893622,00.html

[ Previous | Next ]