Local estate agents back Stansted's development
(press release issued 28 September 2004 by BAA)
The results of two surveys, conducted by major national and international law firm DLA, confirm an underlying confidence in the local property market, with an overwhelming number of estate agents backing plans for a second runway at Stansted Airport.
The surveys asked 100 estate agents from across Essex, and a further 20 within a ten-mile radius of the airport, their views about the impact of transport infrastructure and airports influencing the housing market and house prices.
The findings reveal a large majority believe that expanding Stansted will boost both the local economy and the local property market. Eight out of ten estate agents believe a second runway will benefit the area economically, and that three quarters of estate agents believe that the expansion will make the area more attractive to their clients.
Mark Pendlington, Communications Director BAA Stansted, said:
"Any negative movement in the property market is a concern to all of us who live near the airport. We are watching very carefully how the market is being affected at the moment.
"This latest survey does support our view that there is confidence in the longer term property market. The professionals, who are selling houses and talking to property buyers, clearly believe a growing airport helps increase demand for homes, which in turn helps to protect property values. Stansted is recognised as vital to the region's economy and those surveyed have no doubt an expanded airport will bring further economic gains, both locally and across the whole of Essex.
"The Home Owner Support Scheme we launched last week will help those who are likely to be worst affected by the proposed second runway. But there is a good measure of comfort for all local property owners that a recovery in the housing market will be helped by the airport."
Press release taken from the BAA Newsdesk.
"VICTIMS OF A PETRIFIED HOUSING MARKET" (press release issued 2 October 2004 by SSE in response to the above)
"BAA DISREGARDS COMPENSATION OBLIGATIONS" (press release issued 21 September 2004 by SSE)
"New initiative launched at Stansted" (press release issued 21 Sep 2004 by BAA)
SSE Media Centre
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