'Olympics to boost East London property market'

14 September 2007
The 2012 Olympic Games could help to boost the property market in nearby areas, one expert has claimed.

Natalie Churchman, sales manager for Ludlowthompson, said that prices in Walthamstow and other areas have already begun to increase and are expected to continue to do so.

"I expect prices to continue to rise; there's lots of new developments bought on by the Olympic bid, modern houses being built," Ms Churchman remarked.

The development of local transport links is also a key factor in the strength of the market, with the extended East London tube line is likely to attract buyers who need to commute to the centre of the city, she added.

The Olympic Park is being built in the Lower Lea Valley area of East London and is set to include up to 9,000 new homes and five new sports facilities, according to the event's organisers.

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