July 28, 2011 Leave a comment
Since the announcement of the London Olympics, property value in the areas surrounding the London Olympic site have increased by 28% from £208,148 to £266,730. The is an average increase of £60,000.
Lloyds TSB research in 145 areas of London have concluded that a total seven areas in the close proximity of the Olympic site, including East Ham and Plaistow have seen a growth of 8% since July 2005. Likewise Stratford being the focal point of the Olympic project has seen a 13% rise in property prices. This is less than half of the average East End price increase. Read more of this post