Homes close to Hibernian Football Club’s Easter Road stadium in Edinburgh are selling for more than twice the price of properties next to Celtic Park and Ibrox, the latest figures have revealed.
Analysis as the new football season approaches has found values around many Premiership grounds surging, with house prices increasing by 14 per cent in the last decade.
Hibs are top of the table after the average price jumped by nearly one quarter to £218,734 – more than double the figure around Celtic and Rangers – while newly promoted St Mirren lie bottom in the Bank of Scotland research.
Overall, there has been an average increase of £18,285 from £134,518 in 2008 to £152,803 in 2018, despite a decrease in average prices near five stadiums.
Graham Blair, mortgages director at BoS, said: “Living next to a Scottish Premiership ground will always hold appeal for loyal fans.
“However, some supporters will need to fork out more than others to live near their team’s home ground.
“For example, Hibs fans will need considerably more than Celtic or Rangers fans for a home where they can hear the matchday buzz.”
Despite the overall increase, it remains considerably cheaper to buy a home near a Premiership football stadium than elsewhere Scotland, with the average price at £175,866.
The analysis took account of average house prices in the postal district of each stadium.
Properties close to the grounds of Motherwell, Hamilton and Hibs have seen the biggest hike in value over the past decade, with all three having seen increases of 23% compared to average prices of £148,274, £140,158 and £218,734.
Celtic, Rangers and St Mirren are the only Premiership grounds where nearby average house prices are under £100,000.
Homes close to St Mirren’s stadium have seen a 14% drop in the average cost to £86,607, the same percentage as around Celtic Park where the average price stands at £97,810.
Homes near Rangers’ Ibrox Stadium have decreased in average value by 8% to £88,572 in the past decade.
In contrast, properties in the same postal district as Hearts’ Tynecastle stadium have seen average prices rise by 17% to £179,718 in a decade.
Around Livingston, the market has seen a rise of 15% to £164,139, around St Johnstone an increase of 9% to £161,608, and in Kilmarnock there was a surge of 7% to £123,267.
Average prices around Dundee’s stadium fell 2% to £114,068 while Aberdeen saw a 7% fall to £138,045.
Mr Blair said buying property close to one of the country’s top football grounds would prove to be a sound investment in the coming years.
“Football will always be well loved in Scotland, and given that house price rises near some of our Premiership stadiums have far outstripped house prices in the rest of the country, it seems that those who live near the stadiums at the moment could be in luck if they ever decided to move home,” he added.
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