The Imitation Game Boosts MK House Prices
9 February 2015, 06:26
The Imitation Game may have missed out on a Bafta last night but Milton Keynes is celebrating its connection with the film.
Filming carried out at Bletchley for the film has helped boost house prices here.
To coincide with last night's 2015 BAFTA awards, Halifax looked at the house prices in the main locations for 20 major UK films to see who's scooped the gong for best performance and who's picked up the award for best supporting role.
Prices in Cambridge (The Theory of Everything) have risen 26% and prices in Milton Keynes (The Imitation Game) have gone up 25%. Having a film associated with where you live is no guarantee of high house prices though as while both top performers have seen prices rise by more than their regional averages since 2009 only seven of the 20 locations analysed have done the same.
Both The Theory of Everything (39%) and The Imitation Game (26%) again feature in the top five in the list of house price rises in film locations over the last 10 years (2004-2014).
House price rises in film locations over the last 20 years (1994-2014)
Prices have at least doubled in all 20 film locations over the past 20 years. The Theory of Everything (295%) and The Imitation Game (293%) have both experienced significant house price increases since 1994 and both feature in the top four.
Martin Ellis, housing economist at Halifax, commented: "This light-hearted look at property prices around the settings of some of the UK's best known films of the past few decades shows that this year's two leading contenders for awards are also outstanding in terms of house price performance. The two have outperformed all others in the past five years and are in the top five over both the last ten and 20 years."