The UK real estate market has changed dramatically in the last few years.
Following the global real estate meltdown that happened around the world in the early 2000s, the UK has bounced back marvelously. The City of London has boosted the UK real estate market considerably. These property values have jumped sky high in the past 5 years, and it’s really helping to boost properties all over the county.
However, there’s another effect that is helping to drive the values of real estate skyhigh in the UK as well – The Downton Abbey Effect.
Prices on homes nearby stately manors have risen dramatically since 2005
The smashing success on PBS in America as completely and totally transformed the real estate landscape of “stately manors” all throughout the United Kingdom.
Homes that are even remotely located close to the legendary homes, manners, and the states are enjoying considerable boosts in overall value. In fact, if your home is even in the same postcode as some of the most impressive manors in all of the United Kingdom, it’s not at all uncommon to notice an increase of upwards of 40% over the last 10 years.
In 2005, propertieslocated near the estate that is now used as a filming location for Downton Abbey
were selling for an average of about £89,000 – but in 2015, those same properties are going to cost close to £330,000.
Talk about a savvy investment!
Some of the hottest real estate areas in the UK right now
There are a considerable amount of properties sold throughout the United Kingdom that are enjoying this game changing phenomenon, including piece of property in Richmond, Halifax, and in Knutsford Cheshire – and that’s only the tip of the iceberg.
All told, there are hundreds of stately manors all over the United Kingdom, and thousands of pieces of real estate and properties that are impacted by this unique cultural event.
Obviously, the popularity of this television program isn’t going to last forever – though the legacy of this show should last for at least a decade or more (as it is one of the most popular shows on TV) – so it’s the right time to take advantage of the improved values now if you have the chance to do so.
The Downton Effect is very, very real
There are still some in the real estate community there aren’t quite sold on the idea of the “Downton Effect”, but the statistics, facts, and figures would point to a different story altogether.
Now is very much the right time to strike, and if you are able to take advantage of great deals on properties that are located near these large estates and these oversized manors you are going to be able to leverage the impact that this program has had on the UK real estate world to pad your financial future and secure the kind of real and lasting wealth that the owners of Downton Abbey enjoyed on the program itself.