Tuesday, 28 February 2012

Olympics send house prices soaring...

Since July 2005, when London was awarded the right to host the 2012 Olympics, the average value of houses in the 13 postal districts closest to Olympic park in Stratford, east London, has increased by more than £62,739 to £268,884.

The study that was carried out by Lloyds TSB shows that house prices have risen by 30%, which is the same as a monthly rise of £815.

Over the same period of time, house prices have increased by 25% across England and Wales.

House prices in the borough of Hackney, have increased the most, with Dalston and Homerton showing the highest rises, with a rise of 55% to an average of £359,436 and £332,102 respectively. 

In Stratford itself, the average house price has grown by 13% to £227,893. ....

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