London may not have claimed the Premier League title, but its soccer clubs dominated the rankings when it comes to house price growth.
According to global real estate consultancy Knight Frank, Tottenham Hotspur—which narrowly missed out on the championship earlier this month—topped the list for house price appreciation. Property values around White Hart Lane in north London surged 18.4% last year, with further growth possible if a proposed rail link connecting north and south London becomes a reality.
West Ham United ranked second, with house prices near its former stadium rising 13.2% ahead of the club’s move to the Olympic Stadium.
Outside of London, Manchester City and Watford were the only clubs to break into the top five. Meanwhile, Swansea City in Wales saw the slowest growth, with prices increasing just 1.8%.
Although house prices near Stamford Bridge in Chelsea grew by just 3.9% last year, the area still boasts the highest average property value of any Premier League stadium neighborhood, at £638,000.
“The findings highlight the vast differences in property values across the U.K.,” said Oliver Knight, a senior analyst at Knight Frank. “Even within London, markets are moving at significantly different speeds.”
As for Leicester, the club’s shock Premier League victory could help rejuvenate its housing market, which has struggled to recover from the financial crisis. Prices in the city are just 1.2% higher than in 2007, but Knight predicts that the club’s success could bring an economic boost, raising Leicester’s profile and attracting new investment.
