Assetz For Investors Press Releases and News
Wed, 06 Jul 2005 10:19:56 BSTEast London Housing Market Set to Boom after Successful Olympic Bid
John Wriglesworth, chief housing economist at Hometrack comments:
“East London has received an enormous boost following the IOC’s decision for London to host the 2012 Olympics. It will see huge economic benefits, including regeneration projects, new developments and the creation of an Olympic Village, all of which will impact positively on house prices in the surrounding area.
“Hosting the games is an incredibly prestigious event for any city, and there is no reason to suggest that London won’t see the same benefits as previous host cities. Massive investment in infrastructure, world class sport facilities, thousands of new jobs, new homes and vastly improved transport links will consolidate London as one of the leading cities in the world, fuelling further investment in the housing market.”

