Why would a nearby Waitrose add to the value of your property?

Discussion in 'UK Property' started by Nicholas Wallwork, Jul 25, 2016.

  1. Nicholas Wallwork

    Nicholas Wallwork Editor-in-Chief Staff Member Premium Member

    A report by Lloyds Bank has cast a very interesting light on the UK property market and the impact which local supermarkets have on average property prices. The research by Lloyds Bank took the average price of property in areas of the UK England and Wales and then compared and contrasted the impact which certain

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  2. nmb

    nmb Well-Known Member

    Is it not the case that Waitrose build their stores in affluent areas to attract affluent customers? Historic the likes of Aldi have tended to target areas of towns where property is cheaper.
     
  3. lookinginvest

    lookinginvest Member

    I agree, while there may be a direct correlation between property prices and local amenities, surely the likes of Waitrose choose the area in which they want to build a supermarket based upon the local population?
     
  4. Surely it is the area which attracts Waitrose? There are also other amenities which will impact the value of your property. Transport networks, employment markets and the local economy are far more important.
     
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