Waitrose nearby? Add 38K to your house price.

[randombloke]

Just read this article. I wonder if it's statistically robust or just a headline grabber? I'm sure it will cause people to think.

http://www.telegraph.co.uk/news/shopping-and-consumer-news/11512665/Living-near-a-Waitrose-puts-38k-on-value-of-your-home.html

[FHRoad]

Not to go into all this again, but it's cause and effect. Waitrose tend to goto areas where the wealth is. Because your property is worth more there is a higher chance of waitrose coming to you. Not the other way round.

[Penguin68]

This is a classic mistake of correlation for causation. Waitrose locate its stores in areas where their demographic live (as does Aldi) - so the high value houses probably cause Waitrose - Waitrose does not cause high value houses. In fact (as those who have complained about a possible M&S in the Iceland site show), too close location to a store, of whatever variety, can be problematic, with visitor and delivery traffic etc.

Edited to say - cross posted with above

[ruffers]

Agreed with the above. The headline is roughly analogous to Putting Up Umbrellas Makes It Rain.