LaticMark Posted May 1, 2011 Share Posted May 1, 2011 An interesting little story from today’s Observer about the impact on house prices when a new football stadium is built nearby. “The construction of a new football stadium is rarely a source of joy for those living nearby – but it appears they are wrong to think it will cut the value of their homes. In a ground-breaking piece of research, two economists found the construction of a new stadium actually raises local property prices by as much as 15%.” They concentrate on the Emirates and Wembley, but I wonder what some of the luddites and nimbys in Failsworth town would have thought if they could have expected their home values to increase by as much as 15%. The Observer Quote Link to comment Share on other sites More sharing options...
LaticsLee Posted May 1, 2011 Share Posted May 1, 2011 Good Post, should of found that out abit earlier and shown them Quote Link to comment Share on other sites More sharing options...
opinions4u Posted May 1, 2011 Share Posted May 1, 2011 Email the link to Alan Hardy. Quote Link to comment Share on other sites More sharing options...
Diego_Sideburns Posted May 1, 2011 Share Posted May 1, 2011 Email the link to Alan Hardy. Ryder & Dutton and Oldham MBC. Quote Link to comment Share on other sites More sharing options...
LaticMark Posted May 1, 2011 Author Share Posted May 1, 2011 Email the link to Alan Hardy. Done. Quote Link to comment Share on other sites More sharing options...
Crusoe Posted May 1, 2011 Share Posted May 1, 2011 Hah. The Emirates is hardly in a deprived part of London. Wembley's not exactly lovely but London house prices exist in a bubble (I should know, I've been trying to buy a house here for years and prices are not dropping). The article says that it couldn't be down to house price inflation but I'd love to see the logic as to why it couldn't. Quote Link to comment Share on other sites More sharing options...
opinions4u Posted May 1, 2011 Share Posted May 1, 2011 At the end of the day, a successful commercial development in an area will push up property prices compared to other areas. I'd be pretty certain that most of those in Failsworth would have benefited from this effect. A stadium on its own with no other commercial attachment? Less obvious. Quote Link to comment Share on other sites More sharing options...
LaticsLegend Posted May 1, 2011 Share Posted May 1, 2011 Comparing Oldham's new ground to one of the biggest clubs in the world and an iconic national stadium? Good one. Quote Link to comment Share on other sites More sharing options...
LaticsLee Posted May 1, 2011 Share Posted May 1, 2011 Comparing Oldham's new ground to one of the biggest clubs in the world and an iconic national stadium? Good one. Who is comparing Quote Link to comment Share on other sites More sharing options...
Ackey Posted May 1, 2011 Share Posted May 1, 2011 Who is comparing Meerkats. That's :censored: even by my standards. Sorry. Quote Link to comment Share on other sites More sharing options...
LaticsLee Posted May 1, 2011 Share Posted May 1, 2011 Meerkats. That's :censored: even by my standards. Sorry. that's appalling but in the same way very good Quote Link to comment Share on other sites More sharing options...
Tommy_Fent Posted May 1, 2011 Share Posted May 1, 2011 My concern is that this was posted in the Observor and my guess is that people opposed to a new stadium would read papers like the Daily Mail which would probably print a completely different story Quote Link to comment Share on other sites More sharing options...
Forte_Baby Posted May 1, 2011 Share Posted May 1, 2011 Ryder & Dutton and Oldham MBC. Hit the nail on the head Terry Quote Link to comment Share on other sites More sharing options...
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