UK Money News
11th December 2007
Eurostar 'will open up Paris to homeowners'
The increased pace with which the Eurostar will be able to deliver commuters across the channel could open up the Parisian property market to London residents, it has been claimed.
Personal finance organisation Knight Frank has said that, now that people can transfer from one capital to another at speed, it is much more viable to undertake the commute.
Meanwhile, owners of property in the St Pancras area are predicted to benefit "massively" from the new connection, the firm states.
Liam Bailey, head of residential research for Knight Frank, said: "Paris will become much 'closer' in most people's reckoning and becomes a potential commuter location for London."
He added that northern and mid-France are also set to become more acceptable to buyers from the UK.
Since 2003, the journey time from London to Paris stood at two hours 35 minutes. With the opening of the new terminus last month, the time has been cut by a further 20 minutes.
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