Olympic effect sees property price increases in East London, study shows | Europe | News
Residential property prices in parts of the East of London where the main Olympic stadium is situated have gone up by £192 a week since London was awarded the Games in July 2005, according to a new study.
Lloyds TSB research reveals a mixed picture for the East London housing market. Homeowners living close to the main site for the London 2012 Olympic and Paralympic Games have seen the value of their property rise by nearly £60,000 on average.
The average house price in the fourteen postal districts closest to the main site for the London 2012 Olympic and Paralympic Games rose by 28%, some £58,582, from £208,148 in July 2005 to £266,730 in May 2011, equivalent to a weekly increase of £192.
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