Properties near Olympics go gold

Londoners living close to the Olympic site have seen the value of their home rise nearly £70,000 since London’s winning bid in July 2005, new research reveals.

House prices in the area have also outperformed the national market in the past year, says Lloyds TSB.

The average house price across the 14 postal districts closest to the main site for the London 2012 Olympic and Paralympic Games stood at £273,157 in March 2012 – an increase of 33% (£67,012) from the average of £206,145 in July 2005 when London was awarded the Games.

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