Tuesday, 26 July 2011

Olympic Games Boosts UK Property Values

Olympic Games Boosts UK Property Values

Real estate located in areas near Olympic venues in Britain has seen values rise more sharply than in other regions of the UK, new research has revealed. According to Zoopla.co.uk, property prices in such postcodes have jumped by 11.9 per cent since the Games were announced. As a result, dwellings in close proximity to Olympic sites have seen values increase by 7.2 per cent more than average property prices around the UK.

And it isn't just London that is benefiting from the sporting event - seven of the ten regional locations selected to host competitions during 2012 have also seen house values soar. Business development director at Zoopla.co.uk Nicholas Leeming commented: "There's no doubt that the redevelopment to a number of areas across the UK as a result of the Olympics has had a positive impact on property prices."

No comments:

Post a Comment