London Olympics fail to provide house price boost | Money | guardian.co.uk
Homeowners in London's East End have not benefited significantly from the building of the Olympic sites in their vicinity, research has revealed.
House price data for the six years since London was awarded the Olympics shows that property values in the areas nearest the Olympic sites have gone up by an average of £60,000. Average house prices in the postal districts close to the Olympic site have risen from £208,148 to £266,730, a 28% increase according to research by Lloyds TSB.
However, the research includes 145 areas of London, and the top performing area affected by 2012 preparations – Homerton in Hackney – sits in just 44th place, with a property price increase of 56% or £120,000.
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