Football Ground House Prices Increase

Football Ground House Prices Increase.

In some rather bizarre research, Halifax has released figures that houses that are closer to Premier League football stadia received an additional boost in house price growth over the last 10 years.
From 2004 to 2014, house prices have risen across the UK just over 55%, yet for property in the vicinity prices have risen by nearly 130% (driven mainly by London prices).

Of all 20 Premier League clubs, house prices near just one club, Newcastle United, has suffered house price rise falls.

The top 5 house price drivers are:

• Etihad (Manchester City) up 150% in 10 years
• KC Stadium (Hull City) up 123% in 10 years
• Stamford Bridge (Chelsea) up 121% in 10 years
• Emirates (Arsenal) up 94% in 10 years
• Loftus Road (Queens Park Rangers) up 94% in 10 years

Why is this?
We suggest most of the rises have been driven by London property prices rises anyway as most of the London based clubs have had much higher increases than the rest of the country. That said, 3 of the top “property” grounds have also relocated their stadiums, meaning that brand new infrastructure, roads, sports facilities, shopping complexes, hotels, parks and green land are now standing where before it was possibly “brown” land.

Comment

It is an interesting concept, searching for your next home within a good school catchment area as well as a local premier league ground now drive your future house price profit. Let’s all watch out for the next big spending football side relocating and look for investment property.