Could flats to rent in London see people move into Olympic Park area?
Finding flats to rent in London could see those unable to buy property in the increasingly expensive borough of Shoreditch capable of living in the district.
Research for Lloyds TSB has found that house prices in 14 postcodes around the Olympic Park are surging - increasing by an average of 26 per cent since the 2005 announcement that the games would be held in the city.
property in Shoreditch saw the second largest boom among the districts, with values leaping 53 per cent.
"Part of this rise is likely to have been due to an increased interest in property in these locations from both buyers and investors as a result of the associated regeneration taking place," Suren Thiro, housing economist at the bank explained.
Individuals looking for rental housing in the area may be interested to know that buy to let homes in the capital are becoming more desirable.
According to research from Knight Frank, the number of people seeking to lease an abode in London has increased 17 per cent over the last two years.
Posted by Ben Carter
Published 27th July, 2010
© 2010 Estates IT Limited
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People looking for flats to rent in London may have the opportunity to move into an increasingly expensive area, as the boroughs around the Olympic Park surge in value.