Premier League Clubs boost House Prices
Research from Halifax has shown that owners of houses in the same districts as Premier League Football clubs have benefited from a rise in value of their property of 137pc over the last 10 years.
This rise equates to adding £404 to the average house per week for a period of 10 years.
House prices over the last year have fallen dramatically in some areas, but those in the same district as top flight football teams have appreciated by 1.3pc, keeping the figures more respectable. But there are big variations as to the amount of value added for clubs in different parts of England.
Four out of the five postal districts which have experienced the sharpest rises in value over the last 10 years are in areas where a new stadium has been built in the last 15 years. And one of those clubs, Manchester City who are the current champions, saw by far the biggest rise in value, with 271pc being added to the price of homes in the same district as the Etihad Stadium.
Housing around Clubs from London has benefited hugely too, with all five of the least affordable postal districts located in the capital. Houses in SW9, the district around Chelsea FC and Fulham FC top the list, with the districts around Queens Park Rangers FC and Tottenham Hotspur FC, following close behind. On the other hand, houses in L4 – the district of the homes of both Liverpool FC and Everton FC, are the most affordable in the UK.
Martin Ellis, housing economist at Halifax commented: “House prices close to the nation's most iconic football stadiums have risen substantially over the past decade, particularly in the areas near to some of the newest venues. This partly reflects the local regeneration that typically takes place alongside the building of modern sporting arenas, including improved transport links”.
Share this..
Related stories
Land Securities looks to invest for the future
Property powerhouse Land Securities has today announced plans for an expansion of its property portfolio and a further assessment of two major developments in London's West End planned for next year, even though they had been put on ice as the recession continued to bite.
Slowly but surely we have seen interest in the UK commercial property market where prices have fallen by 44% sin...
House prices could fall by 36% over the next two years
There has been a damning report released today with regards to the housing market in the UK and the potential for further falls over the next two years. Using instruments traded on the property derivatives market the indication appears to be a potential fall of up to 36% in house prices over the next two years. While this is some way ahead of many expectations in the marketplace it has caused some...
Read MoreAverage UK house price back above £200,000
Information released by the Communities and Local Government (CLG) shows that the average UK house price has now risen back above £200,000. While figures from November show that the rate of increase in the value of property in UK is starting to slow, prices in November were still 0.6% higher than the corresponding period in 2008. However, while house prices are starting to stabilise and consolida...
Read MoreMini property boom hits parts of the UK
Estate agents in some areas of the UK are reporting that one in 10 properties for sale are being sold at above the asking price, with substantial demand in some areas. The likes of London, Oxford and Cornwall have been singled out as particularly buoyant property markets although there is some scepticism with regards to these claims. However, could there be a reason for the sudden interest.
...
Annual Housing Transactions Reach One Million
06/02/2014 A report from Halifax has suggested that the housing market is continuing to exhibit an upward trend, as transactions in 2013 reached one million for the first time since the financial crisis in 2007. Home sales rose for the ninth consecutive month in December to 103,040, which is 30% higher than in December 2012. Additionally, the number of mortgage approvals, which is a key fact...
Read More