Could buy to let portfolio values have risen with higher east London prices?

27 July 2010

Written by Steve Olejnik

Buy to let investors with portfolios in east London may have seen a rise in the value of their assets, as it has been reported that house prices in the area have increased.

According to research by Lloyds TSB, the worth of property in 14 postcodes in the area has increased by 26 per cent since the 2005 announcement that the Olympics would be hosted in England's capital city in 2012.

Suren Thiru, housing economist at the banks, said that districts close to the Olympic Park had seen a surge in the price of the assets.

"Part of this rise is likely to have been due to an increased interest in property in these locations from both buyers and investors as a result of the associated regeneration taking place," the expert explained.

The average value of a house near the Olympic Park is now £262,953, the figures revealed.

Commercial mortgage holders with property in London may also be benefitting, as research by Jones Lang LaSalle recently found that the city was the most active real estate market in the world.

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