Spurs win the 2014 Nationwide House Price Premier League
With the new Premier League season starting this weekend, new research by Nationwide Building Society shows that if the league was based on the percentage change in house prices between June 2013 and June 2014, Tottenham Hotspur would be champions, Chelsea, Queens Park Rangers and Arsenal would take the remaining Champions League places, while Newcastle United, Burnley and Hull City would be relegated.
In the 12 months to June 2014, house prices in Haringey, home of Tottenham Hotspur’s White Hart Lane stadium, have increased by 32 per cent. At the other end of table, the year on year change is very minimal. Newcastle saw house price growth of 3 per cent, while Burnley saw an increase of just two per cent. Hull City was bottom of the league with no annual house price growth (0 per cent).
Average house prices
If the league was based solely on average house prices, it would be no surprise to see Chelsea and QPR as joint champions (average house price: £760,144), with Arsenal (£701,030) in third and Tottenham Hotspur (£513,435) dropping to fourth. While Hull City (£130,289) and Burnley (£112,868) would stay relegated, Newcastle United (£181,473) would comfortably escape the relegation zone and be replaced by Stoke City (£133,831).
10 year change
Over the last 10 years, there are only three clubs in the current Premier League where house prices in their local authority or borough have increased by more than 100 per cent. Arsenal has seen the biggest increase with house prices in Islington increasing by 125 per cent. Hammersmith & Fulham, home to both Stamford Bridge (Chelsea) and Loftus Road (QPR), has seen house prices rise by 110 per cent over the past decade.
Champions to mid-table
While Manchester City won the 2013/14 Premier League, they do not rank as highly in the House Price Premier League finishing only joint twelfth based on the annual house price growth in the City of Manchester and with an average house price of £207,940, 73 per cent cheaper than Hammersmith & Fulham (£760,144).
North London
Over the last year, house prices in Haringey, home to White Hart Lane, have soared by 32 per cent, nine percentage points higher than the growth seen in Islington, home to the Emirates Stadium (23 per cent). But, a typical home in Arsenal’s location of Islington will set you back £701,030, which is 37 per cent more expensive than the cost of a typical home in Tottenham’s Haringey borough (£513,435).
Wembley
Wembley and its Brent location have seen house prices increase by 23 per cent year on year between June 2013 and June 2014, which would put it joint fourth in our league table. However, while it is England’s most iconic football stadium, Wembley does not attract the most iconic house prices. In fact, the average house price in the surrounding area is £474,672, which would place it only 5th if the Nationwide league was based on average house prices.