Train4TradeSkills News: Is building homes near football stadiums the way forward for housebuilders?
With the housing market struggling at the moment, is building new homes near to Premier League stadiums the way forward?
A new study has found that homeowners living close to Premier League football stadiums have seen their property increase drastically in value in recent years.
House prices around certain Premiership stadiums have increased by an average of 168% in the last decade, which makes areas like these a goldmine for housing developers.
The top 5 areas are:
House prices risen by: 350%
House Prices risen by: 215%
Stadium of Light
House Prices risen by: 159%
House Prices risen by: 140%
The Reebok Stadium
House Prices risen by: 134%
As you can see, houses close to Manchester City’s ground have risen in price dramatically, which is understandable as City have risen in popularity and status since being bought out by Sheikh Mansour in 2008 and brought world-class players like David Silva, Carlos Tevez and Sergio Aguero to Manchester.
Newcastle finished bottom of the list, with house prices close to St James Park rising by just 31% since 2001.
Halifax’s Suren Thiru said: “In general, house prices in the areas that are home to many of the 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.”
Train4TradeSkills News wrote about how thousands of new homes have been built around Arsenal’s Emirates Stadium. Read the story here.
[Source: The Telegraph ]
Posted on August 16, 2011, in construction jobs, construction news, Electrical News, electrician jobs, plumbing jobs, Plumbing News, t4ts, train4tradeskills and tagged construction, construction jobs, football stadiums, football stadiums house prices, homes manchester city, housing market, housing market 2011, new homes, Premier League, t4ts, Train4trades, train4tradeskills. Bookmark the permalink. Leave a comment.