The "Harry Potter" Effect on House Prices

It seems that Harry Potter can work his magic even in the UK housing market. Studies have shown that in towns, associated with Harry Potter and the Potter films, prices have risen well above the national average. For example in Alnwick, where the first film "The Philosophers Stone" was made in 2001. There prices rose 51% in 2001 alone. . A total of 226 properties were sold in the small town that year. Information released by aboutproperty.co.uk

Towns that have been associated with films and TV series have often attracted a good deal of tourists. People may be cashing in on the opportunity to turn houses into B&B's

This is not entirely dissimilar to the effect that good schools can have on house prices

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