Near the supermarket real estate is more expensive

As located next to a supermarket affects the price of real estate? Lloyds Bank has conducted a study finding that the average standard price of the apartment or house is added £21512 due to one of the supermarkets Waitrose, Marks and Spencer, Sainsbury’s or Iceland .

Depends on the price of housing and the brand of the supermarket. For example, the highest premium payable by buyers for the proximity of Waitrose supermarket – £36480, thus, the average price of real estate close to Waitrose is £429118, compared with an average price of £392939, followed by Marks and Spencer, whose proximity adds to the price of £29992, then Sainsbury’s with a price premium of £26081 and Iceland c price £22767.

The proximity of all four listed shopping adds to the price of an average 9% and real estate prices in the UK, located close to supermarkets, are growing faster – in three years, prices have risen by 11%.

So, residential real estate located in postal codes close to supermarkets Aldi, Lidl, Morrisons or Asda increased in price by about £21400 in 2014.

Homes near Aldi increased in price from £178,809 in 2014 to £198,810 , the house close to Lidl went up by £23,722 £216,258 to £239,981, in absolute terms, the increase in price leads real estate close to Waitrose for three years, the growth rate was £33015 £396,104 to £429,118, or 8%.

The next most expensive property is situated near the well-known brand Marks and Spencer with an average price of £350,263 and Sainsbury’s with a price of £314,154.

The statistics shows that the British appreciate the convenience and are willing to pay extra to shop at walking distance from the house.

The dynamics of housing prices depends on many factors, but location is a key factor, which, in turn, are differentiated in many aspects – first and foremost, it is near transport hubs, good schools and universities, infrastructure and of course, there are some stores that make everyday existence more comfortable for humans.

® Alice Morgan. 01.06.2017 G.

Brexit: How does the London real estate market

Brexit: the naked triumph of the ignorant or the collapse of democracy?

In the UK, reduced Stamp duty

Why buyers from Russia should not fear sanctions

More than 325 % over two years has earned our clients

Entrepreneur visa. Tier 1(Entrepreneur)

Price indices for UK property

Land and types of ownership of property UK

The process of buying real estate