East London prices rise 62% on back of Olympic Games

8th August 2014

Since the 2012 Olympic Games, the average house price in the 14 areas of east London closest to the Olympic Park has increased to £334,232 – 62% higher than in July 2005 when the Games were awarded, at which point the average was £206,191.

Nitesh Patel, housing economist at Lloyds, commented “These areas have been bolstered by large scale investment in public transport, new property development and the creation of a high-end retail environment making this one of the fastest evolving areas in London”.

Source:    Property Wire (01/08/2014)