Man City could have bought 864 homes in Premier League transfer property market

The latest research from estate agent comparison site, GetAgent.co.uk, has revealed that Man City tops the table where the amount spent in the transfer market is concerned when related to the average cost of buying in the city.  

GetAgent.co.uk took the total spend from each team in the Premier League and looked at how many homes it could purchase in their respective towns based on the current average house price.  

On average, Premier League teams have spent just over £62m in the transfer window. With the average house price in Premier League areas currently £299,318, that’s enough to have purchased 207 homes.

At £226.1m, Chelsea is the team to have flashed the most cash accounting for 18.2% of total spend across the league. However, with the current average house price in Hammersmith and Fulham sitting at £702,961, the club’s spend is enough to purchase 322 homes in the borough. Placing them seventh in the transfer property purchase rankings.

Manchester City tops the table. The club has spent £147m in this transfer window, the second-highest in the league with 11.8% of total spend. With a far more affordable average house price of £170,192 in Manchester, the club could have afforded a whopping 864 properties with the money spent on new signings.

Liverpool takes the second spot, with their transfer expenditure of £81.7m enough to have purchased 608 homes in the city at the current average price of £134,411.  

Wolves (528), Everton (484), Aston Villa (451) and Leeds (450) also spent enough to have bought a considerable number of properties in their local cities.  

Despite being home to the lowest average house price of the lot at £91,505, Burnley also spent the least in the current transfer window (£990k). As a result, they sit bottom of the table with their transfer expenditure enough to have purchased just 11 properties in the local area. 

Brighton and Hove (12) and Fulham (33) were also home to some of the lowest Premier League property transfer spends.  

Founder and CEO of GetAgent.co.uk, Colby Short, commented: “The cost of getting on the ladder and the money spent on modern-day footballers are both well documented, but when you add the two together, it makes for some depressing reading.

While many homebuyers are rushing to secure a few thousand pounds discount in stamp duty, Man City has just spent enough to buy nearly 900 homes in Manchester. 

The high cost of getting on the ladder today puts these figures into perspective in terms of the sheer amount spent on footballing talent. Even at the bottom end of the table, Burnley has spent enough to buy eleven homes in the area when many regular homebuyers would gladly settle for one.”