Flats to rent in London: Property prices 'set to rise'
Those looking for flats to rent in the London borough of Stratford may be interested to hear that one Estate Agent expects property prices throughout the region to rise.
Franchisee of the Stratford office at Winkworth Richard Everitt revealed that he believes there will be an increasing demand in East London due to the Olympic Games, projects in the region and the creation of around 18,000 new jobs.
The area is very desirable and interest is not just because of the coming events, he explained.
"It is all pinned by the general regeneration of the area. With the Olympics, all it has done is it has accelerated it. The Westfield site opening up is going to be a major part of all this regeneration," he said.
Lloyds TSB reported recently that property prices in East London have risen by over a quarter since the hosting announcement was made in 2005, with values in areas close to the site soaring by as much as 69 per cent.
However, Mr Everitt warned that selling houses might be difficult in the coming market, adding that people may think they are "on the gravy train" but not all properties will be of a suitable standard.
Posted by Charles Mackay
Published 28th July, 2010
© 2010 Estates IT Limited
London Rental Property News By London Borough / Category
Latest London Property News Headlines
Southwark to get Dickens statue
People in flats to rent in Southwark may be pleased to learn that the local council plans to install a commemorative statue installed between Blackfriars Road and Union Street to celebrate the English novelist Charles Dickens' 200th birthday.
Read Article ... Published on 9th February, 2012
Bexley highlights progress on local Olympic planning
People occupying flats to rent in Bexley have been assured that the local council is making good progress in getting ready for the forthcoming 2012 Olympic Games in London.
Read Article ... Published on 8th February, 2012
Colindale's Grahame Park area in line for regeneration funding
New flats to rent in Colindale could be created if Barnet Council succeeds in efforts to obtain new funding for the regeneration of Grahame Park.
Read Article ... Published on 8th February, 2012
Council announces new parking plans for Fulham
People seeking flats to rent in Fulham will be able to benefit from expanded parking facilities thanks to a new package of measures from the local authority.
Read Article ... Published on 7th February, 2012
Bromley Council approves funding for Biggin Hill Heritage Centre
People occupying flats to rent in Bromley will welcome news that £64,000 has been allocated for the development of the new Biggin Hill Heritage Centre.
Read Article ... Published on 7th February, 2012
Harrow unveils new budget plans to modernise local services
Those occupying flats to rent in Harrow have been promised that local services will be protected or improved under new plans from the regional council.
Read Article ... Published on 6th February, 2012
Borehamwood park to compete for Green Flag Award
People living in flats to rent in Borehamwood will see their local Aberford Park compete for a Green Flag Award once again this summer.
Read Article ... Published on 6th February, 2012
Plans for new Highbury Roundhouse developments outlined
People in flats to rent in Highbury have seen plans to redevelop the current site of the Highbury Roundhouse community centre take another step forward.
Read Article ... Published on 3rd February, 2012
Improvement programme to be launched for Ruislip Manor shops
Those occupying flats to rent in Ruislip are set to benefit from a new scheme that will improve the look of shops in the Ruislip Manor area.
Read Article ... Published on 3rd February, 2012
South Kensington's revamped Exhibition Road officially opens
Demand for flats to rent in South Kensington could be set to rise following the official opening of the revamped and redeveloped Exhibition Road area.
Read Article ... Published on 2nd February, 2012
The Olympic Games will raise demand for east London properties, according to one estate agent.