You are here: Home - Mortgages - First Time Buyer - News -

Spurs top the premier (house price) league

0
Written by: Christina Hoghton
03/08/2018
Houses near the north London club have seen large house price rises in the last 10 years.

When it comes to house price growth, Tottenham Hotspur are the premier league champions, according to Halifax.

Since 2008, average local house prices near the club have rocketed by 94% to £481,609.

Chelsea tops the table for the highest overall house price. It costs an eye-watering £1,111,986 to buy in the surroundings of Stamford Bridge, meaning the average Chelsea player, with an annual salary of £4,451,200, would have to wait 13 weeks to save enough to buy a home close to work.

Premier price growth

The average house price near Premier League clubs has risen by £127,451 (47%), from £273,917 in 2008 to £401,457 in 2018. This figure is well ahead of the rest of the UK, where house prices have increased by £66,194 on average – an increase of 30%.

Since 2008, only four clubs have not seen growth in house prices. Those living near St James’ Park have seen prices fall by 14%, from £187,470 to £161,335, while Merseyside homes near Everton and Liverpool have dropped by 11% to £78,093. In fact, an average Premier League player earns almost enough every game (£69,540) to buy a house near the grounds of Liverpool or Everton, where the average house price is £78,093.

Russell Galley, managing director of Halifax said: “As clubs gear up for the start of the 27th Premier League season, it appears that for many, success on the field has rubbed off as property prices in the areas surrounding the grounds of England’s top flight clubs have risen ahead of the rest of the country.

“While football may not be coming home, many players looking to buy a house near their team’s stadium need just a few games to earn the equivalent of the average house price. Locals living nearby some grounds, such as the Emirates, have benefitted from the associated infrastructure improvements as clubs upgrade or move stadiums.”

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Flight cancelled or delayed? Your rights explained

With no sign of the problems in UK aviation easing over the peak summer period, many will worry whether holida...

Rail strikes: Your travel and refund rights

Thousands of railway workers will strike across three days this week, grinding much of the transport system to...

How your monthly bills could rise as the base rate reaches 1.25%

The Bank of England has raised the base rate to 1.25% as predicted – the fifth consecutive rise in just six ...

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

DIY investors: 10 common mistakes to avoid

For those without the help and experience of an adviser, here are 10 common DIY investor mistakes to avoid.

Mortgage down-valuations: Tips to avoid pulling out of a house sale

Down-valuations are on the rise. So, what does it mean for home buyers, and what can you do?

Five tips for surviving a bear market mauling

The S&P 500 has slipped into bear market territory and for UK investors, the FTSE 250 is also on the edge. Her...

Money Tips of the Week