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I've received an interesting article about the effect of Tesco on property prices, the link to the article is here.

But one of the paragraphs in it is worth copying in full...

Last week the company announced plans to build 960 homes in the Woolwich area of London, as part of a new £400 million development.
The scheme would include a 100,000 square foot Tesco store. The idea seems to be that the homes themselves would make the supermarket itself commercially viable, especially in predominantly poorer areas of the UK. Clearly, the combination of a Tesco store and lots of lovely new Tesco homes will make both much more valuable to each other.


...now there's a thing, the Liatris plan proposes a 50,000 square foot store and 386 houses. Add the other houses yet to be around the site and, gosh this looks amazingly similar. So regeneration, a la liatris, is by building a whole new self contained suburb, sans overnight tourists. Day tourists get to see marshes and, oh, happy shoppers...just like the ones in their own clone town.

Someone remind me, what is it the people of Seaton get exactly?


HT- WM