It's game on for the Premier League, and it looks like it's going to an interesting season already. While we're on the subject, let's talk about locations where the Premier League has served to increase house prices.
Now, of course, no one wants to buy a property that's going to decrease in value - that just doesn't make sense - particularly if you're a landlord looking to provide yourself with a healthy pension pot.
According to a recent report from Halifax, there are places in the country where Premier League football teams are based that have driven up the prices of property dramatically in recent years.
In fact, homeowners living in the areas surrounding White Hart Lane have seen their property prices soar by a whopping 655% over the past 20 years. In 1977 the average house price in Tottenham was £59,638, now it's £450,104 - that's incredible.
Commenting on the subject, Martin Ellis, Halifax's top housing economist said...
“In the last 20 years, average house prices immediately outside some of the country’s top clubs have seen rises that far outstrip the country as a whole, with some areas also benefiting from the associated infrastructure improvements that come with clubs moving to new stadiums.”
As you might expect, the study from Halifax revealed that the vast majority of areas that have seen a Premier League level increase are near clubs based in the southeast, but there are places elsewhere that have followed the trend.
Areas near Manchester City's Etihad Stadium have witnessed a whopping 501% increase in the past two decades, and places near Old Trafford has risen by 382%. What's more, property close to Nottingham Forest in the East Midlands have shot up by a rather sizable 283%.
It’s fair to say that if you invested in these hot spots years ago, you would have reaped great financial rewards as a landlord. Of course, if you haven’t, it will prove far costlier to acquire property in these places today.
But, this football stadium trend is spreading across the nation and with a host of reasonable yet quality properties close to Stoke-on-Trent’s recently expanded Britannia Stadium, investing in the Potteries could well be the back of the net situation you’ve been searching for.
Stoke is on the up with new student developments underway, city wide infrastructure improvements in place, the expansion of Trentham Estate and the regeneration of Hanley, amongst many other things. Not to mention the City of Culture bid for 2021.
Stoke-on-Trent is on the up and the fact that it’s a prime Premier League location certainly doesn’t hurt either. With all of these factors in play and more, it’s not unfathomable that come the next Halifax football locations study, the Potteries could well have worked its way into the top 20.
Invest now before it’s too late - this may well be the start of your well-deserved property goals becoming a roaring reality.