Arsenal’s less than stellar performance in the Premier League this season is matched by an even poorer performance in the property price growth tables, according to new research by an online estate agent.
HouseSimple.com studied house price growth over the past 12 months in the towns and cities where the 20 Premier League clubs are based and found that in the Borough of Islington, where the Emirates Stadium, Arsenal’s ground, is situated, property prices dropped by an average of 1.9%.
The only other club to see property prices fall is the Premier League’s current top performer and likely winner, Chelsea, with average prices falling 1% over the past year in Hammersmith and Fulham, where its ground, Stamford Bridge, is located. However, it still tops the Premier League for property prices, with an average property costing more than three-quarters of a million pounds (£771,882).
Also making the bottom three in terms of property price performance is Sunderland, which has double the disappointment as it has been relegated to Championship football next season. Here, property prices have stagnated over the past year, going up by just 1.1%.
Top of the Premier League property price table is Burnley in Lancashire, where prices have typically risen by 13.7% in 12 months and average prices are £80,605. Other property price growth winners are Watford, where prices have risen by 12% (£360,858), and Hull City, which saw property price rises of 10.4% (£107,355) – which makes up for these clubs currently languishing in 14th, 15th and 18th places in the Premier League.
Alex Gosling, chief executive of HouseSimple, says: “Whether you look at their position in the Premier League table or average house prices, it hasn’t been a great 12 months for Arsenal, while areas such as Burnley and Hull, where average house prices are some of the cheapest in the country, have seen impressive price growth since last season.”
The Premier League table according to the average property price growth in the towns/cities where the teams are based:
|Team||Average house price in the town/city (£) 2016||Average house price in the town/city (£) – current||Annual house price growth (%)|
|West Bromwich Albion||123,154||130,258||5.8|
|West Ham United||329,609||339,746||3.1|