Soccer club Tottenham Hotspur has taken home an unlikely consolation prize even though it narrowly missed out on clinching the English Premier League (EPL) title,.

The area surrounding Spurs’ home stadium, White Hart Lane in north London, recorded the greatest gains in 2015 with an 18.4 percent annual uptick, a new study tracking residential price performance around the home grounds of 20 EPL clubs revealed.

The proposed Crossrail 2, a line that would connect north and south London, is expected to magnify the already boosted home prices in London which have been aided in their lift by Crossrail, a new high-frequency railway line currently under construction in London., said a study that was undertaken by property consultancy firm Knight Frank.

Although the team are in the process of moving to the former Olympic stadium this summer in Stratford, the second highest price increase at 13.2 percent was noted for the Boleyn Ground, West Ham United’s stadium in east London. With a 10.6 percentage gain, Watford’s Vicarage Road stadium came in third spot.

The Greater London area, a region that has logged astounding price growth in recent years, is the base of three of the top five performers and experts view the rise in prices of the property of the soccer cubs as no coincidence.

According to official data released last month, with an annual rise of 9.7 percent, the average London house price in February this year was £524,000 ($756,844). Compared to it, with a rise of 8.2 percent, the average house price in England rose to £298,000. With home prices around the King Power Stadium climbing 6.6 percent, EPL champions Leicester City came in seventh place.

“Leicester has taken a long time to recover from the global financial crisis…..however, the local economy can expect a marginal boost following the Premier League win as the profile of the city is raised,” noted Oliver Knight, senior analyst of residential research at Knight Frank.

He added that the city’s coffers would be boosted by the commercial revenue, television rights and entry into the European Champions League tournament.

There was mixed results for clubs that are popular with Asian fans, notably Manchester United, Arsenal and Liverpool.

Taking the sixth spot on Knight Frank’s study, residential property around the Old Trafford stadium of Manchester United recorded 8.7 percent growth.

With 5.6 percent growth placed at the ninth place was Arsenal, who entered this year’s Champions League for a 19th consecutive season and ,saw a mid-table finish.

With a price growth of 4.6 percent and taking the 13th spot was Liverpool’s Anfield stadium.

Coming in last was Swansea City in Wales, with a 1.8 percent spike.

“Chelsea, albeit having a turbulent time both on and off the pitch with one of the lowest residential price growth (3.9 percent) among EPL clubs, topped in another league: mean house prices,” Knight Frank noted.

Knight Frank said that following the league’s sale of its television rights for a record £5 billion pounds in February of the year, EPL revenues rose 29 percent in 2015.

“It is projected that from the 2016-2017 season, even the bottom club in the league can expect around £100 million in central prize money each season (up from £62 million now) and the highest earning club can expect around £156 million (up from £97.5 million),” the study said.

(Adapted from CNBC)

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