According to the report, three of the top five performers are clubs based in or around London – led by Tottenham Hotspur, followed by West Ham United and Watford.
Ranking highlights
Based on one-year % change (Data to Q4 2015)
• Tottenham Hotspur, who missed out narrowly on the premier league title, claimed the house price growth crown, with 18.4% 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, 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.
Based on mean house prices (Data from Q3 2015 to Q4 2015)
• Chelsea, albeit having a turbulent time both on and off the pitch with the lowest residential price growth (3.9%) among the London-based clubs, topped in another league: that of mean house prices, with the average house price around the ground at £638,000 – over 13 times the value of residential property around Goodison Park, home of Everton FC, who came bottom of the list.
Oliver Knight, Senior Analyst Knight Frank Residential Research, Knight Frank, says, “The findings not only demonstrate the huge differences in value throughout the UK, but also the variety of performance and prices within London, where sub-markets are moving at significantly different speeds.”
With a focus on the leading EPL champion Leicester, Knight explains, “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% 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.”
Leicester could be set for a windfall, as commercial revenue, TV rights and entry into Europe’s elite Champions league competition boost their coffers. Average residential values around the King Power Stadium in Leicester stood at £127,000 at the end of 2015, following a respectable 6.6% price growth over the year.
According to Deloitte’s annual Review of Football Finances, EPL revenues rose 29% last year from £2.5bn to £3.3bn. Wages have increased by just 6%, far less than anyone expected. In February 2015, the league sold television rights to its games for a record £5bn, 71% above the previous deal. It is projected that from the 2016-17 season, even the bottom club in the league can expect around £100m in central prize money each season (up from £62m now) and the highest earning club can expect around £156m (up from £97.5m).
