Fes­ti­val fever

It pays to live near Glas­ton­bury or Glyn­de­bourne

Country Life Every Week - - PROPERTY NEWS -

HOME­OWN­ERS in fes­ti­val towns have seen wind­falls of up to and above £200,000 since 2010. Re­search by Jack­son-stops & Staff, us­ing Right­move data, shows that, far from putting off buy­ers, these events have driven prop­erty prices in sur­round­ing ar­eas higher than the coun­ties as a whole.

Pil­ton in Som­er­set, home of Glas­ton­bury (above), has seen a 24% price growth since 2010, equiv­a­lent to £101,510; Hen­ley-on-thames home­own­ers en­joy the boat fes­ti­val and a price growth of £232,080 over seven years; and homes in Glyn­de­bourne have seen a £196,470 in­crease.

‘The in­vest­ment fes­ti­val-go­ers bring to an area con­trib­utes to im­proved in­fra­struc­ture and ameni­ties, which all help add to the value of lo­cal homes,’ says Nick Leem­ing, Jack­son-stops & Staff chair­man. ‘Whether they’re mu­si­cal or lit­er­ary, food- or ac­tion-based, fes­ti­vals draw in huge crowds and are of­ten an op­por­tune time for would-be-sell­ers to cap­i­talise on the as­so­ci­ated hype.’

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.