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.

The savings accounts paying the most interest

If one of your jobs this month is to get your finances in order, moving your savings to a higher paying deal i...

Coronavirus and your finances: what help can you get?

News and updates on everything to do with coronavirus and your personal finances.

Everything you need to know about being furloughed

If you’ve been ‘furloughed’ by your company, here’s what it means…

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.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

Money Tips of the Week

Read previous post:
Man Utd fans can earn 1.35% and get chance to win match tickets

Virgin Money has launched two new Manchester United savings accounts, one offering 1.3%, and the other 1.35%. Plus, applicants get...

Close