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House Prices Skyrocket Near Football Stadiums Finds Halifax Study
People looking for a property investment may be interested to know that houses close by the stadiums of Premier League footballs clubs have risen in value by more than £220,000 on average in the past decade, according to research by Halifax.
Five of the six areas that recorded the biggest price rises since June 2001 are close to stadiums built within the last 15 years, including those of Sunderland, Swansea City, Bolton Wanderers, Stoke City and Manchester City.
House prices in the postal district of the latter's Etihad Stadium have risen by an incredible 350 per cent, making it a particularly popular area for property investment.
Suren Thiru, housing economist at Halifax, said the price rises can be partly attributed to the amenities found near football grounds, such as good transport links.
"The improvement has been particularly marked in the postal districts of some of the newest football stadiums with the local regeneration often associated with such projects helping to boost local property values," she added.
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Article date: 8/18/2011 12:00:00 AM