Houses near Olympic Stadium more than double in value

Jessica Nangle

August 7, 2017

House prices closest to the Olympic Park have risen by an average of 64% since the London 2012 Games.

Average property prices in the 14 postal districts in East London closest to the London stadium have risen from £286,683 in 2012 to £470,687 in April 2017.

Martin Ellis, housing economist at Halifax, said: “Hosting the 2012 Games welcomed major regeneration to boost areas close to the Olympic Park in East London.

“This has enabled homeowners in the 14 postal areas closest to Olympic Park to celebrate their own victory as a result.

“Not only has this area been reinvigorated as a community, but average property price growth in this part of East London has raced ahead of England, Wales and even Greater London as a result.”

This increase is more than three times faster than the national increase where property values grew on average 19% over the same period.

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