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The Highest Property Price Scorers In The English Premier League - Knight Frank

Tom Burroughes

23 May 2016

Not all economic data has to be deadly serious and the number crunchers at real estate firm have had some sport with data about the price gains sustained in areas around English Premier League football clubs such as Leicester City, Manchester United and Stoke City.

Three of the clubs seeing fast yearly rises in surrounding residential prices are London clubs or clubs near the capital - Tottenham Hotspur, West Ham and Watford - while the club that topped the league for highest average house prices was Chelsea, according to data to the end of 2015.

Leicester’s stunning achievement in winning the league this year – hurting bookies and delighting lovers of the underdog – might even have some positive market impact on the area around the club’s ground in the east Midlands city, according to Oliver Knight, a senior analyst for Knight Frank.

“Similar to a number of property markets across the UK, Leicester has taken a long time to recover from the global financial crisis. Our analysis of Land Registry data shows prices in the city were just 1.2 per cent higher at the end of 2015 than their previous peak in 2007. However, the local economy can expect a marginal boost following the Premier League win – as the profile of the city is raised and money from Europe’s elite football competition comes in,” Knight said.

Tottenham Hotspur, which missed out narrowly on the premier league title, claimed the house price growth crown, with 18.4 per cent annual growth in an area that could see a real boost from Crossrail 2, a proposed rail link that would connect North and South London.

West Ham United, which will see its stadium redeveloped into a residential scheme as the east London club moves into the Olympic Stadium, saw the second highest price growth in the rankings, with a 13.2 per cent increase.

Chelsea, albeit having a turbulent time both on and off the pitch, with the lowest residential price growth (3.9 per cent) among the London-based EPL clubs, topped another league: that of mean house prices. The average house price around the ground was £638,00 (around $927,000)  – over 13 times the value of residential property around Goodison Park, home of Everton FC, who came bottom of the list.

Meanwhile, according to Deloitte’s annual review of football finances, English Premier League revenues rose 29 per cent last year from £3.3 billion.