28 November 2016

Nationwide Housing Premier League

As the race for the Premier League enters a critical stage for many teams, the annual Nationwide ‘House Price Premier League’ shows that it’s West Ham who’ve topped the table in 2016.


Other highlights include:

  • Disappointment on Merseyside as both Liverpool and Everton end up near the foot of the table
  • Two of the promoted outfits, Middlesbrough and Burnley are straight into the relegation slots
  • Last season’s cellar-dweller, Sunderland, moves up the table to 13th
  • Spurs are back in top four; while Palace and Watford retain in the Champions League slots.
House price premier league infographic
House price premier league infographic
House price premier league infographic

The league, in its fourth year, is based on the annual percentage change in house prices for the local authority containing each team’s stadiumand shows West Ham take the title by one percentage point over Tottenham Hotspur in second.

Newham, which is home to both West Ham United’s old Upton Park ground as well as its new base at the Olympic Stadium, saw house prices rise by 21 per cent over the 12 month period to May 2016.

Andrew Harvey, Senior Economic Analyst at Nationwide, comments: "The 2015-16 season has proved to be one for firsts both on and off the pitch – Leicester City winning its first ever league title and, now, West Ham coming top of the ‘House Price Premier League’ for the first time in the league’s history. While it’s no surprise to see London clubs top the house price table for each of the last four years, it is interesting to see all four corners of the capital have now won Nationwide’s annual accolade.

Our House Price Indexcontinues to highlight how regional disparities are continuing to grow. In fact, it remains the case that the pace of house price growth tends to decline as you move from the south to the north of the country. This disparity is also noticeable in our ‘House Price Premier League’ with London at the top and the Northern clubs propping up the table."

Are you looking to buy a new property? Or has our alternative Premier League has got you thinking about moving to a new area?


Why not take a look at our useful Nationwide guides to help you find out more

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Notes:
1Annual percentage change date period is May 2015 to May 2016. Local authority data sourced from UK House Price Index data published by ONS / Land Registry. Further details available from landregistry.data.gov.uk/app/ukhpi. Average house prices quoted are as at May 2016 and are not directly comparable to the figures presented in the Nationwide house price index.
2Read the House Price Index PDF (June 2016).

Legal Information:
The Nationwide House Price Indices are prepared from information that we believe is collated with care, but no representation is made as to their accuracy or completeness. We reserve the right to vary our methodology and to edit or discontinue the indices at any time, for regulatory or other reasons.

Persons seeking to place reliance on the Indices for any purpose whatsoever do so at their own risk and should be aware that various factors, including external factors beyond Nationwide Building Society’s control might necessitate material changes to the Indices. The Nationwide House Price Indices may not be used for commercial purposes including as a reference for: 1) determining the interest payable, or other sums due, under loan agreements or other contracts relating to investments 2) determining the price at which investments may be bought or sold or the value of investments or 3) measuring the performance of investments.

Nationwide Building Society is the owner of the trade mark “Nationwide” and all copyright and other rights in the Nationwide House Price Indices.

The application of the IOSCO Principles on financial benchmarks to the NHPI is more fully set out in our statement regarding IOSCO Principles PDF (June 2016). Nationwide considers that its arrangements for administration of the NHPI comply with the IOSCO Principles in a proportionate manner having regard to the nature of the index.

Image by CosminIftode / Shutterstock.com.

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