Who tops the Premier League property price growth table?
With the return of the Premier League this weekend, the alternative property price Premier League table by GetAgent.co.uk is also back with current average asking prices surrounding each of the 20 Premier League stadiums analysed based on their postcodes and how they have changed since this time last year.
Champion
With an average asking price of £149,077, house prices in the LS11 postcode of Leeds, home to Elland Road, are amongst some of the most affordable of all Premier League teams. However, with an annual increase of 20.3%, Elland Road takes the title having seen by far the largest annual increase of all stadiums in the top flight over the last year.
Rest of the Top Six
Man City’s Etihad Stadium finishes in second, with the average asking price in the M11 postcode climbing by 16% since the start of last season.
Not only did Man City sign Grealish but they also sit above Villa where property price growth is concerned. That said, Villa Park has seen a very respectable increase of 10.7% - the third largest rate of growth of all Premier League teams.
Manchester United also make the top four with house prices climbing by 7.8%, while newly-promoted Norwich City and Southampton complete the top six with a 3.9% increase.
Poor performances
Brighton (-0.4%), West Ham (-0.7%) and Wolves (-0.8%) form much of the bottom half of the table with property prices surrounding their home grounds falling over the last year.
House prices surrounding the Brentford Community Stadium, the new home of newly promoted Brentford, have also fallen by -1.2% in the last year. But despite this drop, it’s just enough to keep them out of the relegation zone.
Relegation
Bad news for the Gunners, as the N7 postcode has seen the largest decline in property prices of all Premier League stadiums in the last year. House prices surrounding the Emirates have dropped by -4.3%, with Burnley (-2.8%) and Newcastle (-1.9%) also facing relegation.
Colby Short, Founder and CEO of GetAgent.co.uk, commented: “The dream table if you’re a Leeds fan but unfortunately one they can probably only dream of from a football perspective.
"Despite the nation currently finding itself in the midst of a property market boom, just three Premier League stadiums are home to double-digit annual house price growth and as many as seven have seen prices fall over the last year.
"Proof if you ever needed it that the UK property market is an extremely diverse one and when looking to buy or sell a property, it’s important to set your expectations on local market performance rather than top-line national trends.”
Source: Property Reporter