It’s a goal! Can a winning football team really help local property prices?


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Leicester City football club will officially be crowned Premiership champions this weekend and everyone has been jumping on the bandwagon to share in their success, including property market commentators.

Many Leicester-based agents sent out tweets of congratulations and property portal the House Shop released data showing house prices in the city have gone up when the team has done well, but down when it hasn’t

For example, when they were promoted to the Premiership in 2014, according to the House Shop average prices increased that year by 4.4% to £114,657. They finished 14th in the league in 2015 and prices rose just 0.4%

But property prices in Leicester have jumped 7.6% in the past year as they climbed to Premiership success.

Land Registry date shows that an average property in the city would cost £118.240 at the end of the last football season, now it is closer to £124,000, according to the Land Registry.

So how does this compare to Premiership winners of the past?

Is a Premier League win enough for a local team to bring people to an area to buy?

Read more here. 


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