'Olympic effect' on house prices
New research from Halifax has shown that house prices in three London postal districts close to the site of 2012 Olympics games have risen by more than 15%, or at least £35,000, since London's winning bid was announced.
The best performance has been in Leytonstone (E11), which saw a 23% (£50,714) increase in its average house price since mid 2005 followed by Hackney (E8) with a 21% (£48,578) increase and Clapton (E5) 18% (£38,895) rise.
Seven areas close to the Olympic site recorded house price increases of more than 10% since the second quarter of 2006, while all areas close to the Games site have seen at least a £15,000 rise in their average house price. Stratford (E15), the focal point for Olympic construction activity, saw an 8% (£16,801) increase in its average price since June 2005 to £225,652.
The best performance has been in Leytonstone (E11), which saw a 23% (£50,714) increase in its average house price since mid 2005 followed by Hackney (E8) with a 21% (£48,578) increase and Clapton (E5) 18% (£38,895) rise.
Seven areas close to the Olympic site recorded house price increases of more than 10% since the second quarter of 2006, while all areas close to the Games site have seen at least a £15,000 rise in their average house price. Stratford (E15), the focal point for Olympic construction activity, saw an 8% (£16,801) increase in its average price since June 2005 to £225,652.
posted by ew at
10:43 AM
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