Prices climb in London post Olympics

26 July 2013

 

The average value of properties in the postal districts closest to the Olympic park have risen since the Olympic Games. This is according to research by Lloyds TSB that revealed the average value in the 14 East London postal districts closest to the stadium has risen from £206,154 in July 2005 to reach £298,632 in March 2013. This is the equivalent of a £994 monthly increase, houseladder.co.uk reports.
Nitesh Patel, Housing Economist at Lloyds TSB, said: "The regeneration of East London as a result of winning the bid to host the 2012 Olympic and Paralympic Games has seen large investment in infrastructure, rail and tube networks."
It was also noted that the new shopping mall that was added to serve the Games last year will continue to benefit the local area. 

 

The average value of properties in the postal districts closest to the Olympic park have risen since the Olympic Games. This is according to research by Lloyds TSB that revealed the average value in the 14 East London postal districts closest to the stadium has risen from £206,154 in July 2005 to reach £298,632 in March 2013. This is the equivalent of a £994 monthly increase, houseladder.co.uk reports.

Nitesh Patel, Housing Economist at Lloyds TSB, said: "The regeneration of East London as a result of winning the bid to host the 2012 Olympic and Paralympic Games has seen large investment in infrastructure, rail and tube networks."

It was also noted that the new shopping mall that was added to serve the Games last year will continue to benefit the local area. 

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