Going for Gold: how East London house prices have risen since 2012 Olympics

Average house prices in East London have shot up since the capital hosted the 2012 Olympic Games, according to Nationwide Building Society, with all six Olympic host boroughs - Newham, Hackney, Waltham Forest, Tower Hamlets, Greenwich, and Barking and Dagenham - growing by more than both the London and UK average. Waltham Forest saw the biggest price increase, with a 106% uptick to £487,133 since 2012, followed by Barking and Dagenham, up 86% to £308,760, and 81% to £389,309 in Newham. "The London Games saw extensive redevelopment of brownfield sites in and around Stratford to create the Queen Elizabeth Olympic Park as well as significant improvements to the transport infrastructure serving the area", said Andrew Harvey, senior economist at Nationwide. "Newham was at the centre of the 2012 Games, with Stratford seeing major redevelopment and infrastructure investment". The average London house price in the nine years since the UK capital staged the games has risen 61% to £497,948, while across the country it rose 49% to £254,624.

Daily Mail (03/08/2021)