Despite Arsenal ending a 22-year wait for the title the local housing market ranked among the league’s weakest performers, sitting third from bottom in eXp UK’s Premier League property table.
Only Newcastle United and Burnley posted steeper declines, with house prices around St James’ Park falling by 10.7% and values around Turf Moor dropping by 14%.
Bigger west London clubs like Chelsea and Fulham topped the table for property growth.
House prices around Stamford Bridge and Craven Cottage climbed by 11.3% over the season, while Aston Villa ranked third with growth of 7.1% around Villa Park.
SUPER LOWS
Tottenham Hotspur (main picture) (extremely lucky to escape relegation to The Championship – ed) also outperformed their north London rivals in housing market terms, with values around the Tottenham Hotspur Stadium rising by 3.9%.
The research highlights the increasingly fragmented nature of the UK housing market, even across relatively short periods of time.
While some regional markets continue to benefit from stronger buyer demand and improved affordability, parts of London have faced renewed pressure amid higher borrowing costs, stretched affordability and slower transaction levels.
MODEST GROWTH
Elsewhere in the Premier League table, under performers such as Liverpool, Crystal Palace and Manchester City all recorded modest positive house price growth over the season.
However, Manchester United, Everton, West Ham and Nottingham Forest joined Arsenal in negative territory.
Adam Day (main picture, inset), Head of eXp UK and Europe, says: “While Arsenal fans will understandably be celebrating a historic title win, homeowners around the Emirates haven’t quite enjoyed the same success story where house price performance is concerned.
“At the same time, the fact that markets such as Chelsea, Fulham and Aston Villa have seen strong growth highlights the varied nature of the UK housing market, even within the relatively short timeframe of a single football season.”
