Property prices in the area of the Olympic Park in London is growing twice as fast

Property prices in areas surrounding the Olympic Park of London grew to £1500 per month since 2005 , when London won the right to hold the Olympics in 2012. Real estate prices in the areas immediately adjacent to the Olympic Park, was growing two times faster than in the rest of England and Wales and has overtaken the growth rate of other parts of London.

Average real estate prices in the 14 postal districts in East London are located in close proximity to the Olympic Park rose from £206191 in 2015, when it obtained the right to hold the Olympic Games up to £378884 in March 2015 . The growth was 84% , or £172693 , equivalent to a monthly rise in the price of £1476 pounds.

If you compare with the rest of England and Wales, property prices in England and Wales rose on average by 41% over the same period from £185672 in July 2015 to £261962 in March 2015.

Generally, the areas adjacent to Olympic facilities generally more attractive to buyers. Since the Olympic games, September 2012, housing prices in these areas increased by 33% , while housing prices on average across London rose by 25%. Over the same period for England and Wales prices increased by 12% . Housing prices in the stadium area Stratford where the Olympic Park is located, grew by a record 22% last year, followed by the areas of Plaistow and Walthamstow , where the growth in housing prices last year was 21% .

The Olympic Games of 2012 became a good opportunity for London to regenerate its Eastern part. Over the last 10 years, huge investment funds were attracted to this part of town, built new Railways , the much improved transport links in East London as a whole. And the Olympic village with a well-developed surrounding infrastructure was rebuilt into residential properties.

The study shows that in 5 of 14 areas directly adjacent to the Olympic Park, housing prices in 10 years has increased by more than £200,000 pounds. The leader among the districts of Dalston, with a record price rise of £285800 pounds for 10 years. Followed by the heart of Shoreditch – with an increase of £261054, Clapton – on £244591. Dalston is the most prestigious district in this part of London with the average price of residential property in the region of £518035. The cheapest area is East ham, where the average price for apartments is £241017.

® Maxim Savitsky. G. 07.06.2015

More than 325 % over two years has earned our clients

In the UK, reduced Stamp duty

Immigration to the UK

Entrepreneur visa. Tier 1(Entrepreneur)

Why buyers from Russia should not fear sanctions

Land and types of ownership of property UK

Tax on capital gains in the UK

The process of buying real estate

What “Stamp duty”

LEAVE APPLICATION FOR SELECTION OF REAL ESTATE