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The Olympic legacy is more than just sport, comment east London estate agents

The latest Land Registry house price figures have been released and they show that property prices in the Olympic borough - Newham - have risen more than 23% in a year. East London estate agents say it is a direct effect of hosting the 2012 Olympic Games, which saw investment, improved infrastructure and world-class facilities arrive in the area. In fact, Newham - home to the Stratford stadium - registered the strongest price increases out of all the London boroughs, based on the latest Land Registry House Price Index (released in February 2015). Other east London areas also posted strong figures at a time when demand for some of London's prime property is static or diminishing. Barking & Dagenham saw an annual price rise of 16.4%, closely followed by Hackney, with 15.1% - both with recently monthly gains too. In contrast, Kensington & Chelsea, Wandsworth, Islington and Richmond upon Thames have all charted modest falls in house price values in the last month. Despite the price rises, Newham remains a resolutely affordable place to live, with an average property price of £293,134, which is way behind the capital's overall average of £524,502 - the latest figure from Rightmove. The property portal also claimed that the cheapest property prices were to be found in east London. Buyers shouldn't be put off by the affordable nature of property, however, as there are some stunning houses and flats for sale in east London, especially in and around the former Olympic Village and at Royal Victoria Docks. The E postcodes are home to a large contingency of Victorian housing stock and there are some spacious ex-local authority flats for sale in east London that provide excellent entry points in the housing market. Brand new developments are also continuing to launch, with Winkworth handling the sale of properties at the Skyview Tower in Bow, at Icon Point in Stratford and at Altius in Clapton, among others. While the actual Games is in the past, the stadium and complementary sporting facilities will continue to hold world-leading events, and the improved transport links, community spaces and residential villages are permanent features that make up the wider Olympic legacy. East London's appeal looks set to continue, and there are opportunities in 2015 for buyers, sellers, tenants and property investors before the area becomes an extension of prime central London. If you are interested in property for sale in east London, or are looking to rent in the E postcodes, contact one of Winkworth's east London branches today.

The latest Land Registry house price figures have been released and they show that property prices in the Olympic borough - Newham - have risen more than 23% in a year. East London estate agents say it is a direct effect of hosting the 2012 Olympic Games, which saw investment, improved infrastructure and world-class facilities arrive in the area.

In fact, Newham - home to the Stratford stadium - registered the strongest price increases out of all the London boroughs, based on the latest Land Registry House Price Index (released in February 2015). Other east London areas also posted strong figures at a time when demand for some of London's prime property is static or diminishing. Barking & Dagenham saw an annual price rise of 16.4%, closely followed by Hackney, with 15.1% - both with recently monthly gains too. In contrast, Kensington & Chelsea, Wandsworth, Islington and Richmond upon Thames have all charted modest falls in house price values in the last month.

Despite the price rises, Newham remains a resolutely affordable place to live, with an average property price of £293,134, which is way behind the capital's overall average of £524,502 - the latest figure from Rightmove. The property portal also claimed that the cheapest property prices were to be found in east London.

Buyers shouldn't be put off by the affordable nature of property, however, as there are some stunning houses and flats for sale in east London, especially in and around the former Olympic Village and at Royal Victoria Docks. The E postcodes are home to a large contingency of Victorian housing stock and there are some spacious ex-local authority flats for sale in east London that provide excellent entry points in the housing market. Brand new developments are also continuing to launch, with Winkworth handling the sale of properties at the Skyview Tower in Bow, at Icon Point in Stratford and at Altius in Clapton, among others.

While the actual Games is in the past, the stadium and complementary sporting facilities will continue to hold world-leading events, and the improved transport links, community spaces and residential villages are permanent features that make up the wider Olympic legacy. East London's appeal looks set to continue, and there are opportunities in 2015 for buyers, sellers, tenants and property investors before the area becomes an extension of prime central London.

If you are interested in property for sale in east London, or are looking to rent in the E postcodes, contact one of Winkworth's east London branches today.

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