Properties close to premiership football grounds rise faster than the average
Thu 12 Sep 2013
Research from Halifax has suggested that properties close to popular football grounds rise in price twice as fast compared to the average property. Their research is based on the last decade focussing on 20 premier league football clubs which have just begun the new season. According to the report these areas have strong transport links and regeneration programmes around the stadiums which both attract buyers and can add value to a property.
Houseladder reported that in the postal districts of the 20 stadiums the average home is worth £319,800. This is a third higher than the average home in England and Wales which stands at £240,300. The research from Halifax stated that the value of properties in these areas have risen £353 per week.
Craig McKinlay, Mortgage Director at Halifax, said: "The areas surrounding many of the country's top football clubs have seen house prices rise considerably during the past 10 years, with some of the best performers being those clubs with new grounds."