While they may not have won the U.K.’s Premier League, London soccer clubs dominated the rankings in terms of house price growth.
Of the 20 soccer clubs in the Premier League analyzed by global real estate consultancy Knight Frank, Tottenham Hotspur, who missed out narrowly on the title earlier this month, claimed the house price growth crown.
Average house prices in the area surrounding the White Hart Lane soccer stadium in Tottenham in north London jumped 18.4% last year. Prices could rise further if the area’s transport links are improved by a proposed rail link that would connect north and south London comes to fruition.
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.
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In fact, Manchester City, whose players include the likes of Sergio Aguero, and Watford were the only clubs outside of London to appear in the top five. At the other end of the table was Swansea City in Wales, which saw house price growth of just 1.8%.
While prices rose by just 3.9% last year, properties around Stamford Bridge stadium in posh Chelsea in west London had the highest average house price around the ground at £638,000.
Oliver Knight, a senior analyst at Knight Frank, said: “The findings not only demonstrate the huge differences in value throughout the U.K., but also the variety of performance and prices within London, where sub-markets are moving at significantly different speeds.”
As for Leicester, which unexpectedly won the premiership league, its housing market has taken a long time to recover from the financial crisis and is just 1.2% higher than it was in 2007. But this could soon change thanks to the win.
Knight said: “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.”