Across the UK, football stadiums are enjoying a second life as housing developments – and new stadiums are increasingly incorporating new build homes. JLL Real Views explores why they’re a good match.
Around the UK, former football grounds are being transformed into new housing developments, which are not only helping to regenerate local areas, but are also supporting the government’s goal of boosting the UK’s housing supply.
“Most football stadiums are located in urban areas where building new housing is the number one priority,” says Nick Whitten, Director – UK Research at JLL. “Developers are keen to get involved because they’re getting access to large plots in areas where land is in very short supply, and they recognise that the highest land values tend to be derived from residential use.”
The trend of converting old football grounds into housing started back in the 1990s when the Taylor Report into the Hillsborough disaster recommended that stadiums become seating-only venues, thereby reducing their capacity. This coincided with the launch of the Premier League in 1992, which spurred lucrative satellite TV deals that increased football clubs’ wealth.
Click here to find out what makes old football stadiums a popular choice for modern housing developments.