In the cities, where horse races take place, property prices in England are much higher

In the UK in the middle of racing season. This week will start the most famous of the “Royal races” – “Royal Ascot”. A new study of the UK property market showed that residential property prices in the area of the passage race of approximately 19.6% higher than similar housing in other areas. And in one County the difference in price can reach more than 100%.

Property Agency Chestertons using in their study, the data obtained from the portal property “Zoopla” , found that property in the area race tracks has increase in price from 15,2% to 25.3%.

Home prices on the South coast of England and already the highest in the UK. But above all, the price of houses in Surrey in the city of Sandown Park with the postcode KT10, average price reached here £905635 pounds, followed by Askot with postcode SL5 – here, the average price of a property in Britain has reached the level of £694391. Hereinafter, Epsom post code KT18 , where the average price settled at around £494497, in the town of Goodwood, PO18 is £484676 in Windsor in SL4 – £457630 pounds. Sandown Park (KT10) and Epsom (KT18) were the fastest growing prices for houses over the last 12 months, prices for residential real estate here made up of 8.5% which is much higher than in other UK cities. Over the past five years, the growth in property prices in these cities was 31.3% and 26.1%, respectively. Meanwhile, across the UK is very profitable to buy a property in the area, where the racetracks. In some places, the increase in price can reach 119%.

For example, in the County of Nottinghamshire, in the town of Southwell NG25 index, the price of 111,7% higher than in other places in this County. House in Bath, Somerset, where also is located the Hippodrome, 55% higher than in the rest of this County.

The last time horse races are gaining popularity and are a point of attraction for hundreds of thousands of people from across the UK and guests from the United Kingdom, which certainly contributes to employment growth and cash flow in these regions. Infusion into the local economy and contribute to growth in housing prices in places to complete a large mass events. Therefore, investors should look to cities, where they began the traditional large horse events.

® Maxim Savitsky G. 27.06.2014

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