The ‘Starbucks Effect’ on House Prices

Caffeine addiction: A study has shown houses near a Starbucks are higher.

Caffeine addiction: A study has shown houses near a Starbucks are higher. Credit: morebyess

A study in the United States has discovered that close proximity to a coffee shop has an effect on the price of houses in that area.

The study found that homes within a quarter of a mile of a coffee shop were directly affected by a positive surge in home value.

According to amNewYork, over 17 years the homes adjacent to a local coffee shop almost doubled in value, with houses further away still increasing in price by 65 per cent.


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