In his Sunday Proptech Review, James Dearsley threw down the gauntlet for a UK company to take up an interesting challenge. Every year the American on line real estate data company, Zillow, use their analytics to create a light hearted look at the best cities in which to Trick or Treat.
So being a team that never shirk from a challenge, we at Houseprice.AI, have just crunched the numbers to find the best cities in the UK for your little monsters to score the most treats. Similar to the US based index, these cities have a population of at least 500,000 souls and are based on median home sales values, and favour those locations where the demographics show there are more children aged 10 and under and where there is high residential property density, meaning less walking from door-to-door. Lastly, because this is the country that brought Harry Potter to the world and is a global leader in potions and spells, we have added a little extra to the index, in the form of Gross Disposable Household Income. After all, you obviously would want to be knocking on doors where sweets are most likely to be lurking!
Check out the complete Trick-or-Treat Index, and the top areas in each city, below. Click on the map to see how your local area measures up on Trick-or-Treat Index!
|Name||Population||Child Rating||Median Price||TT Index|
The Houseprice AI Trick-or-Treat index is made up three equally weighted variables, the median sales price, the Regional gross disposable household income (GDHI) by each Local Authority and the proportion of all children up to and including 10 years of age as a percentage of the whole population by each Local Authority. Each of these variables is compared to the highest value nationally to create the component variable. The index is based on a sample of 149,783 property transactions from all cities and urban groupings in the UK with a population of over 500,000.
Happy Halloween from the team at Houseprice.AI!
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