By Allison Halliday | Realty Biz News
Yes, according to a recent analysis by a media company as apparently a new Starbucks in the area could help indicate where home prices will soon rise. In addition, it’s being claimed that Starbucks is actually fueling these home price rises rather than merely following higher property values.
Quartz, a digital business publication compared data from Zillow with a database of Starbucks locations and analyzed home values within a quarter of a mile of these coffee shops compared to property slightly further away. It looked at the property prices in these areas over a five-year period since a new Starbucks opened.
This analysis found something quite interesting as those properties closest to Starbucks rose in value by just over 21% over the five-year period while those slightly further away registered price increases of slightly less than 17%.
