Newcastle Signings To Spark Property Boom
There are estimates that the January transfer window could be worth as much as £100m to the UK property market, as highly-paid Premier League players joining new clubs, eye up new homes to buy or rent as part of their relocation.
This is according to Rightmove with director Miles Shipside commenting: “Estate agents in footballer hotspots such as Cheshire, Surrey and Hertfordshire will be on high alert to potential transfer market activity on Thursday.
Big wages and signing-on fees mean footballers are both cash-rich and willing and able to transact on a property very quickly making them highly desirable customers for vendors and landlords of prime property.”
Over the last three years, the January transfer window has seen an average of 23 permanent moves to Premier League clubs which would require a player to relocate, with a number of temporary loan deals also requiring players to move into prime rental properties.
Due to escalating player salaries and price growth in prime property markets, Rightmove estimates that transfer window home-moving activity could be worth as much as £100m to the property industry, accounting for house sales, rental agreements and home refurbishment and renovation costs.
In the case of Newcastle United with six new signings, it looks like they have missed a trick in the report when they’ve missed out Tyneside/Darras Hall in their list of booming property areas. This is of course once Yohan’s missus gets sick of them all at her place…
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