Home Prices Rise 259% In 10 Years Near Manchester City's Etihad Stadium
Home owners living near Man City’s Etihad Stadium "can celebrate a home win" -- after prices in the area surged 259% in 10 years, according to Mike Keegan of the MANCHESTER EVENING NEWS. A survey by Halifax placed the north Manchester district "at the top of a Premier League table of house prices close to football grounds." The report said that prices in the same postal code as the Etihad now average £89,489 ($138,000). Manchester Evening News property analyst David Thame said, "That's what happens when stadiums are built -- other new things appear around them." Halifax Mortgage Dir Craig McKinlay said, "The boost to property prices in these areas partly reflects the local regeneration that typically takes place alongside the building of modern sporting arenas, including improved transport links" (MANCHESTER EVENING NEWS, 8/11).