Celtic Park

Average house prices near Scottish football grounds surge 14%

The average price of houses near to Scottish Premiership football stadiums have increased by 14% over the last 10 years, according to the latest study.

Research by the Bank of Scotland has revealed that this represented an average increase of £18,285 during the past decade, from £134,518 in 2008 to £152,803 in 2018.

However, the research found that it was still considerably cheaper to purchase a home near to a Premiership football stadium than in the rest of Scotland.

Homebuyers can purchase a home near to a Premiership stadium for an average of 13% below house prices across the rest of Scotland (£175,866).

Graham Blair, mortgages director at Bank of Scotland, said that living next to a Scottish Premiership ground would always hold an 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 (Hibernian) fans will need considerably more than Celtic or Rangers fans for a home where they can hear the match-day buzz.

“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.”

Homes close to Fir Park (Motherwell), Hope CBD Stadium (Hamilton Academical) and Easter Road (Hibernian) have seen the largest increase in value over the past decade, with all seeing an increase of 23%.

The average home value in these postal districts has grown by £28,069, £26,479 and £40,897 respectively since 2008.

By contrast, homes near Celtic Park have fallen by 14% to £97,810, while properties near Rangers’ ground Ibrox have fallen by 8% to £88,572 in the past decade.

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