London’s East end homes win gold
Families living in the East End of London are already celebrating Olympic success after learning that since winning the Olympic bid seven years ago East London property prices have grown by almost £70,000.
According to information supplied by Lloyds TSB average home prices in the 14 postal regions close to the main arena for the London 2012 Olympic and Paralympic Games were valued at around £206,140 in the middle of 2005 by March of 2012 that figure had increased by a third to £273,150 – a monthly increase of more than £800. During the same time frame average UK property prices have grown by around 24 per cent.
The most expensive location included in the 14 postal districts around the Olympic site is Dalston – average house price have reached more than £355,960 closely followed by Homerton with an average property fetching £341,820.
Experts agree that house prices in these districts should continue to appreciate as the regeneration projects continue after the closing ceremony.