Christmas-linked street names drive real estate prices up
Brits who live on streets whose names reflect the holiday spirit could see their property value rise.
The boiler price comparison website Heatingforce.co.uk has compiled a list of festive street names to determine their impact on a property’s value.
At the top of the list of words that could increase a home’s value is the “toy” world. Homeowners whose streets contain the word could see their home prices rise by £ 272,249 ($ 360,491) over the UK average. The average price of houses for the streets with a toy in their name was £ 660,798.
Houses on the streets with the ‘flashy’ world were valued on average at £ 283,458, and Brits lucky enough to have a home on one of the streets with that festive name might see an increase of £ 90,645 from the UK average.
‘Frosty’ came in third, with properties valued on average at £ 356,696. The value of properties on streets with this Christmas-linked name could increase by £ 70,479.
Words like snow, down, and gingerbread can also raise house prices.
However, there are certain festive words like reindeer, holly, and turkey that might actually do the opposite of owners.
Read more: UK home purchases drop 26% after stamp duty holiday ends
Houses on a street with ‘elf’ in the street name are valued at £ 240,152 less than the average UK house price of £ 530,940.
Homeowners living on a ‘cider’ street name will see a depreciation in value of £ 146,029 compared to the average house price of £ 302,846.
Research has also shown that houses on the streets with ‘Gifts’ in the name will be valued at £ 145,406 less than the average UK house price of £ 173,303.
It was reported earlier this week that UK property purchases fell 26% in the third quarter of the year, compared to the previous three months, as the government’s stamp duty holiday ended in September .
However, this was still 10% higher than pre-pandemic levels during the same period in 2019.
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