Hert, Robbert van der (2020) The Impact of Promotion to the Premier League on the Price of Residential Property An Analysis of Transactions in England. Master thesis.
|
Text
20200710_RvdH_MTFinal.pdf Download (500kB) | Preview |
Abstract
Presence of a football stadium is believed to bring consumption amenities that translate in a higher willingness to pay for residential property. As it is assumed that a high performing team also generates higher utility for those living nearby, a team that promotes to a higher league should also generate increased prices paid for housing. This hypothesis is tested in the context of England, where the Premier League operates as the highest and most popular league. Regions profit from team promotion because of increased tourism and broadcast television income, but the effect on residential property has not yet been investigated. This study fills this research gap by implementing a repeat sales analysis in the areas around teams that promoted in the period 2012-2015, using data from HM Land Registry. Results show positive external effects of promotion in a control area of 5 kilometres. A property that is sold before and after promotion located directly next to the stadium experiences an additional price increase of at least 2,84%. These results are robust in terms of sign when using different specifications.
| Item Type: | Thesis (Master) |
|---|---|
| Degree programme: | Real Estate Studies |
| Supervisor: | Duijn, M. van |
| Date Deposited: | 29 Jul 2020 12:51 |
| Last Modified: | 29 Jul 2020 12:51 |
| URI: | https://frw.studenttheses.ub.rug.nl/id/eprint/3235 |
Actions (login required)
 |
View Item |