Many things can be attributed to a rise in house prices. Almost all of us are familiar with the 'Waitrose effect', with homes near a branch of this upscale supermarket worth a reported 12% more. Good schools and Michelin-starred restaurants also boost house prices, as does living in a market town, on a hill, in a crescent or in an odd-numbered house (promise we didn't make that last one up).

Now hipsters are being blamed for a hike in house prices in some London areas and in other towns around the UK. The new research from property portal Zoopla looked at house prices in 'hipster hotspots' where young, creative upwardly-mobile people have moved in. It found in the last five years home values had more than doubled in the 'edgiest' enclaves.

The gentrification aspect was also noted - which is the process of a more run-down neighbourhood being made more affluent and desirable by the types of people arriving and the business they therefore attract. There's even been a correlation between rising property prices and the surge in micro-breweries.

What the report doesn't cover is what happens to house prices when either the hipsters move on to the next neighbourhood or the current trend for beards, man buns and Brompton bikes falls out of fashion.