Why real estate in close proximity to football clubs in the Premier League much more?

Analysis of the UK property market showed that with the approaching football season, property prices in the UK, which is located near the football grounds of clubs playing in the Premier League, has grown more than twice – by 129% over the last 10 years.

Interesting statistics from Halifax Bank: how to contact one of the favorite entertainment of British football and the price of residential property in the UK, published recently.

According to the data presented in the report, the average price of housing in areas where there are 20 clubs within the football Premier League in the 2014-2015 year is now £329520 which is £79918 higher than the average price in England and Wales, which is £249601.

The growth in property prices in the football areas are more than twice exceeded the average growth for England and Wales – approximately 55% over 10 years.

In football the same areas prices have increased by about £185478 over the last decade – with £144042 in 2004 to £329520 in 2014, equivalent to an increase of £386 pounds per week.

The largest price increase was in the area of the stadium of Manchester city FC, Etihad Stadium , where the average price of property rose by 150% over the past decade.

Housing prices in the area of the stadium Hull Stadium of the football club city grew by 123% – the second figure in the country.

In third place is real estate prices near the stadium belonging to the club Chelsea – Stamford Bridge – here property prices increased by 121% in 10 years.

The only stadium next to which prices have fallen over the last decade – closing Premier League club and stadium – Newcastle, prices here fell by 22% over the past 10 years.

Despite the fact that in the area of Chelsea – Stamford Bridge made the biggest price increase – this area is the most expensive of all, the average price of it is £959522. To earn this amount, the Londoner from the same area we have to work for over 18 years. In the area of the Arsenal stadium, housing affordability is slightly better and is 11, 7 annual wages, followed by the area of the stadium Queen Park Rangers, where the average value of the property is 10.6 annual income of Londoners, and in the area of the stadium Tottenham and 8.7.

The most accessible areas near the stadiums of the Premier League – Liverpool football club Everton. In these areas the typical house is only 2.2 annual salary .

There is no single rule explaining why the property is close to clubs in the Premier League more. Some clubs moved into new stadiums and areas with developed infrastructure and this was the reason for the rise in prices, the situation is not everywhere. It is not clear how the success of players in a given club on the field due to the increase in housing prices. However, statistics is a stubborn thing – property prices in the UK close to the stadiums of the Premier League has grown over 10 years more than doubled.

® Alice Morgan 14. 08. 2014.

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