Olympic jump! Here's how far house prices have gone up in the area near London's Olympic Park

 
Helen Cahill
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With the Rio 2016 Olympic Games kicking off today, it seems like an appropriate time to reflect on the London Olympics - and how they affected house prices.

Research from Lloyds Bank has shown that house prices near the Olympic Park have risen by 53 per cent since September 2012, up from an average of £286,638 to £438,065.

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The increase represents a monthly house price rise of £3,522, a rate three times higher than that seen across England and Wales.

The Olympic jump in prices also far outstrips the London average house price, which has increased by 32 per cent in the same period.

Read more: Everything you need to know about the housing market post-Brexit

Nitesh Patel, Lloyds Bank's housing economist, said: "The last Olympics Games, held in London, was a great event which captured the world's attention for a few weeks in 2012, but the longer term benefits of the Games are still being felt today, particularly for homeowners in the areas close to the Olympic Park who have seen property prices outperform both the national and London markets.

"Regeneration in this part of the capital has seen significantly improved transport connections and facilities, which have helped attract businesses and households to the area and in turn boosted local property values."

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