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Olympic legacy for house prices

The average price of a house near the Olympic Park in east London has risen 64 per cent in the past five years, the Halifax said
The average price of a house near the Olympic Park in east London has risen 64 per cent in the past five years, the Halifax said
JAMIE SQUIRE/GETTY

House prices close to where the London 2012 Olympic Games were held have sprinted ahead in the past five years, according to Halifax (Tom Knowles writes).

The mortgage provider said that prices in the parts of east London closest to the Olympic Park had risen by £4,279 per month on average between September 2012 and April 2017. This equated to a 64 per cent rise in the average price, from £286,683 to £470,687.

The increase has outperformed the capital as a whole, where house prices have risen by 38 per cent.