The winning postcode among English Premier League clubs goes to...
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It has been a magical season for Leicester City fans as they won the English Premier league for the first time in their club history, upsetting many top and prominent club fans. However, in the language of property, the real winner goes to Tottenham Hotspur.
Knight Frank, the independent global property consultancy, recently released its analysis on residential price performance around the home grounds of the 20 English Premier League (EPL) clubs. The top three performers were clubs based in or around London, Tottenham Hotspur in the lead, followed by West Ham United and Watford. Chelsea, which is also based in London, topped the list on mean house prices.
Olivier Knight, Senior Analyst Knight Frank Residential Research said, "The findings not only demonstrate the huge differences in value throughout the UK, but also the variety of performance and prices within London, where sub-markets are moving at significantly different speeds."
Although Tottenham Hotspur narrowly missed out on the premier league title, it held the house price growth crown this year with an annual growth of 18.4% in an area that could see a real boost from Crossrail 2, a proposed rail link that would connect North and South London and increase the convenience of travelling within London. West Ham United, who will see their stadium redeveloped into a residential scheme as they move into the Olympic Stadium, saw the second highest price growth with a 13.2% increase.
Chelsea, having a choppy season both on and off the pitch, had the lowest residential price growth but managed to top the league in the area of mean house prices, with the average house price around the ground at £638,000. This price is 13 times the value of residential property around Goodison Park, home of Everton FC which is also the last of mean house price for EPL clubs.
With Leicester being the talk of town by creating a fairy tale this season, the average residential values around the King Power Stadium in Leicester stood at £127,000 at the end of 2015, following a respectable 6.6% price growth over the year. The local economy is set for a marginal boost with the Premier League win from the increase of the city profile and Europe's elite football competition that will be happening in the city next season. Other than winning the English Premier League, Leicester also gained additional publicity as we saw the burial in Leicester Cathedral of King Richard III, the fallen King of the War of the Roses from the 15th Century - whose remains were found under a car park in the city of 2012.
It is a mixed season for clubs that are favorite with Asian Supporters such as Manchester United, Chelsea, Arsenal and Liverpool. While Chelsea tops the league for mean house price, Arsenal who is the only popular club that secured a Champions League spot by finishing within the top four, disappointingly achieved a mid-table finish when it comes to residential price performance with 5.6% growth in 2015.
Manchester clubs witnessed a relatively disappointing on-pitch performance for the season but managed to see a strong growth in residential property. Nicholas Holt, Asia Pacific Head of Research, Knight Frank Asia Pacific, said, "residential property around the Etihad Stadium(Manchester City - in central Manchester) and Old Trafford (Manchester United - near Salford) saw strong price growth - growing 9.2% and 8.7% respectively in 2015." Liverpool, an archrival of Manchester United where their "mean house prices are second from bottom in table also saw price growth in the bottom half of the table at 4.6%."
For more District Guides, you can head over to iProperty.com Singapore.
It has been a magical season for Leicester City fans as they won the English Premier league for the first time in their club history, upsetting many top and prominent club fans. However, in the language of property, the real winner goes to Tottenham Hotspur.
Knight Frank, the independent global property consultancy, recently released its analysis on residential price performance around the home grounds of the 20 English Premier League (EPL) clubs. The top three performers were clubs based in or around London, Tottenham Hotspur in the lead, followed by West Ham United and Watford. Chelsea, which is also based in London, topped the list on mean house prices.
Olivier Knight, Senior Analyst Knight Frank Residential Research said, "The findings not only demonstrate the huge differences in value throughout the UK, but also the variety of performance and prices within London, where sub-markets are moving at significantly different speeds."
Although Tottenham Hotspur narrowly missed out on the premier league title, it held the house price growth crown this year with an annual growth of 18.4% in an area that could see a real boost from Crossrail 2, a proposed rail link that would connect North and South London and increase the convenience of travelling within London. West Ham United, who will see their stadium redeveloped into a residential scheme as they move into the Olympic Stadium, saw the second highest price growth with a 13.2% increase.
Chelsea, having a choppy season both on and off the pitch, had the lowest residential price growth but managed to top the league in the area of mean house prices, with the average house price around the ground at £638,000. This price is 13 times the value of residential property around Goodison Park, home of Everton FC which is also the last of mean house price for EPL clubs.
With Leicester being the talk of town by creating a fairy tale this season, the average residential values around the King Power Stadium in Leicester stood at £127,000 at the end of 2015, following a respectable 6.6% price growth over the year. The local economy is set for a marginal boost with the Premier League win from the increase of the city profile and Europe's elite football competition that will be happening in the city next season. Other than winning the English Premier League, Leicester also gained additional publicity as we saw the burial in Leicester Cathedral of King Richard III, the fallen King of the War of the Roses from the 15th Century - whose remains were found under a car park in the city of 2012.
It is a mixed season for clubs that are favorite with Asian Supporters such as Manchester United, Chelsea, Arsenal and Liverpool. While Chelsea tops the league for mean house price, Arsenal who is the only popular club that secured a Champions League spot by finishing within the top four, disappointingly achieved a mid-table finish when it comes to residential price performance with 5.6% growth in 2015.
Manchester clubs witnessed a relatively disappointing on-pitch performance for the season but managed to see a strong growth in residential property. Nicholas Holt, Asia Pacific Head of Research, Knight Frank Asia Pacific, said, "residential property around the Etihad Stadium(Manchester City - in central Manchester) and Old Trafford (Manchester United - near Salford) saw strong price growth - growing 9.2% and 8.7% respectively in 2015." Liverpool, an archrival of Manchester United where their "mean house prices are second from bottom in table also saw price growth in the bottom half of the table at 4.6%."
For more District Guides, you can head over to iProperty.com Singapore.