In Brighton since launch of the Great Escape festival in May 2006 the average house price has increased by 67% compared to 41% in East Sussex and 37% across England.
eMoov has released data showing where house price growth near UK festivals is outperforming surrounding areas.
In Brighton since launch of the Great Escape festival in May 2006 the average house price has increased by 67% compared to 41% in East Sussex and 37% across England.
House prices in Lambeth near the SW4 festival have increased by a huge 126% since August 2004 when it started, while average property value across the capital has climbed by 106% in that time.
Russell Quirk, founder and chief executive of eMoov.co.uk said: “Understandably, days on end of loud music and drunk party goers can be a negative for many, especially those trying to enjoy a quiet life.
“However, the mass influx of visitors to what can otherwise be quite rural areas does bring the additional benefit of a massive economic boost to local enterprises, hotels and guest rooms.”
Northampton homeowners have seen an increase of 40% since the Shambala festival began, 3% higher than the county itself.
House prices in Derby have also risen by a higher-than-average price growth of 77% since Download Festival begun in May 2003.
Boom Town in Winchester has been running since 2009 and property in the area has seen a 53% uplift since, 2% higher than the average across the county of Hampshire.
Camp Bestival has also seen a 2% higher than average increase, with property values climbing 25% since it started in 2008.
Quirk added: “This additional income can only ever be a positive for the community and although local homeowners may not necessarily welcome the festival itself, I’m sure the additional financial boost and the subsequent stimulation of the property market, are very welcome indeed.”
