• London commuter belt crisis: Southern Rail's 350 cancelled trains daily could affect house prices




    Train delay compensation
    the crisis afflicting Southern Rail may affect house prices in London’s commuter belt, with buyers unwilling to rely on the road, experts have warned.



    Home owners working in brighton as well as other commuter towns who intend to sell their properties on the next month or two informed they risk losing tens of thousands of pounds because buyers will consider cheaper towns with increased reliable transport networks.



    Late Trains
    It came as the Government gave the rail firm - that is already cancelling around 250 trains per day - permission show them a crisis timetable allowing it to cancel another 350 trains each day. The RMT union claimed it was given the figure in a ending up in parent firm Govia Thameslink.



    Next week the firm will be grilled by MPs over how it will improve the service following your Transport Select Committee received a barrage of complaints from angry commuters.



    Southern Railway blames high degrees of staff sickness and industrial action for your ongoing disruption of Southern services from your south coast into London.



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    It provides train services for commuters, airport users, business and leisure travellers in south London, between london, uk as well as the South coast, through East and West Sussex, Surrey and areas of Kent and Hampshire.



    Annually it serves around 165 million passenger journeys with London Victoria and London Bridge as its main stations serving commuters for the capital.



    Property experts said house prices in commuter towns like Brighton could suffer as commuters searching for reasonably property with good use of London will be postpone through the disruption and would choose commuter towns like Warwick and Leamington Spa, that are far away from the main city but with more reliable rail networks.



    Brighton

    Homeowners working in brighton may struggle to sell their homes for selling price as a result of railway disruptions, experts said CREDIT: STEVE PARSONS

    The typical four bedroom home working in brighton, which is one hour from London by train (with no delays) happens to be available on the market for £617,358. However with regular delays of thirty minutes or more commuters could expect this journey to consider to an hour . 5.



    In Warwick and Leamington Spa, that are approximately one hour and 30 minutes from London by train, a four bedroom property is currently available on the market for 25pc less at £413,264 and £456,446 respectively.



    Mark Hayward, md in the National Association of Estate agent, said: "One with the prime drivers for moving to a fresh location will be able to find to work inside a reasonable length of time.



    "Commuters will think twice in the event the railways are dysfunctional, as with the situation of Southern Railway, which leaves the pace of the journey to be effective in air.



    "It may well put buyers off buying in places like Brighton it will be seen as you can forget offered to London than places like Warwick and Leamington Spa, where homes are far cheaper."



     warwick

    Commuters may default to living in historic town, Warwick, where property price is lower CREDIT: ANDREW MAYBURY/ENGLISH HERITAGE

    A spokesman at the Union of Rail, Maritime and Transport Workers, said: "Southern have been wrecking peoples' lives for days on end. Individuals have lost their jobs as a result of being late for work, commuters never see their kids at night since they get back far too late, now house prices could possibly be affected too. It's got shown just gross misconduct and also this must be resolved as a matter of urgency."



    Southern did not react to the Telegraph's request for comment but a Govia Thameslink Railway (GTR) spokesman said: "We will be confirming information on a brief timetable in a few days.



    "The timetable recognises how the present level of service has not been acceptable and definately will try to give passengers a far more predictable service they could plan around.



    "This will be a temporary measure until train crew availability levels come back to normal."



    A Transport Department spokesman said: "We are evident that GTR passengers aren't getting the service they deserve and the unique circumstances is unacceptable.



    "We are aware that GTR is considering some alterations in order to strengthen their timetable facing ongoing disruption, in order many services as you can can run.



    "When such things happen, operators are contractually obliged to share with us in advance, however, these decisions are taken only if there isn't any other solution, which doesn't total the federal government giving permission."


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