House prices across England and Wales increased by 113% over the same period.
House prices within the postal district of Manchester City’s Etihad stadium – first opened in 2002 as the Commonwealth Games stadium – have more than trebled (350%) over the past ten years; significantly greater than the house price increases recorded in any of the other Premier League stadium postal districts.
Newcastle United finished bottom of the house price Premier League table with property values near to St James Park rising by 31% over the last ten years; less than a tenth of the increase enjoyed by property owners living close to Manchester City’s ground.
Five of the six Premier League postal districts that have recorded the biggest house price increases since June 2001 are home to stadiums that were built within the last 15 years – Manchester City, Sunderland, Swansea City, Bolton Wanderers and Stoke City.
In contrast, four of the five Premier League stadium postal districts that saw the smallest house price growth over the same period – Newcastle United, Queens Park Rangers, Manchester United and West Bromwich Albion – have stadiums that were opened before the end of the First World War.
There are, however, some notable exceptions. For example, Aston Villa’s Villa Park, which opened in 1897, recorded the second highest rise in house prices over the past decade with an average increase of 215%. In contrast, homes close to Arsenal’s Emirates stadium – the newest stadium in the Premier League – rose by 102%; the third smallest increase. Nonetheless, Arsenal did record the biggest house price rise over the past year (22%).
Suren Thiru, housing economist, Halifax, said:
“In general, house prices in the areas that are home to many of the our major football venues have strengthened significantly over the past decade, reflecting in part the amenities commonly found in such locations, including 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.”
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