Property News > England’s World Cup Journey: How Each Permutation Will Affect House Prices
England’s World Cup Journey: How Each Permutation Will Affect House Prices
It’s perhaps a little too early to start the Three Lions chants, but England are safely through the Group Stage where anything can happen, including penalty shootout elimination…Gareth Southgate’s men broke records in their 6-1 win over Panama in the second group game to seal qualification, and should the nation reach the Quarter Final, it could indirectly contribute to record highs in the average price of property.We ran a study at Property Rescue to uncover what happens to the property market when the entire country down tools in order to get behind England for the FIFA World Cup. Our research found that every four years, the average cost of a home increases 3.8% between the start of the tournament and the weeks following the Final, but delve a little deeper and the permutations alter the market significantly.A Group Stage KnockoutWhile a Group Stage knockout is something that’s becoming increasingly familiar for England fans, results this summer mean Harry Kane and co. have avoided the early exit and hate campaign from the media. However, had Panama and Tunisia pulled off shock results, historical data suggests the average UK house price would rise from £224,208 to £231,831, a 3.4% rise.A Round of 16 ExitThat isn’t too dissimilar to how the market will be if England were to lose to either Japan, Senegal or Colombia in their Round of 16 tie next week. A Round of 16 exit, which happened most notably back in 1998 when David Beckham became public enemy number one with his sending off versus Argentina, would see a 3.2% increase in the market. That would increase the price of property to £231,383, as well as a public enquiry being held as to why England were beaten by Japan. Crashing Out At The QuartersBefore the tournament began, the Quarter Final was perhaps the benchmark for England and where they should look to reach. Since 1970, the Three Lions have been knocked out in the last eight four times with the property market seeing a surge of 5.8% on average post tournament. The highest rise following a Quarter Final exit was in 2002, when David Seaman was undone by a piece of Ronaldinho magic. Should England leave the tournament at this stage, where they could face Brazil again, house prices would rise to an average of £237,212, an increase of over £13,000.Bowing Out At The Semi Final or FinalAfter a Quarter Final, it’s all a little unknown. England have reached the Semi Final just once since Mexico 1970, and have won the tournament just once on that fateful day at Wembley back in 1966.Italia 90 saw an increase in property of just 1.8% following the tournament, although England’s journey to the Semi Final at Euro 96, saw a post-championship surge of 3.9%. That would perhaps suggest an increase of around 2-4% should England make it to the final four, and certainly a nation that would be celebrating for a good few weeks afterwards.