East London to benefit from Olympic-sized regeneration |
17 2008 |
| Just like Barcelona and Sydney before it, the east of London is set to be given a massive boost by the Olympics, property experts have stated. Around £9.3 billion is expected to be spent on getting the capital ready for the 2012 games, with those renting in the east of the city likely to benefit from improved public transport links to the centre and better public spaces. Furthermore, approximately 50 per cent of the land being redeveloped is to be used to build more affordable housing, both to rent and to buy. Paul Collins, a spokesperson for Buy Association, explained that "East London is one of the few places in the capital where there is still potential for expansion and to really improve the infrastructure and residential side of things. "And that in its own way brings in businesses and brings in income from other parts," he added. "So it's high time this part of London was given some attention and I think it will be a really good thing for it."  |
Related Articles |
| Tenants 'can ease financial pressures by improving energy efficiency' |
| People living in rented accommodation can reduce their outgoings by... |
| Interest rate reduction 'is not a quick fix solution' |
| The interest rate reduction effectuated by the Bank of England's monetary... |
| MPC's interest rate cut 'is not enough to stimulate demand' |
| Interest rates need to be cut by more than 0.5 per cent for consumers to... |
| Homeowners 'are getting sucked into a spiral of debt' |
| An alarming number of homeowners struggling to make ends meet are trapped... |
| Consumer confidence drops as house prices fall |
| Economic uncertainty, house price falls, increasing unemployment and rising... |
Copyright © 1995-2008 loot.com. All Rights Reserved. Designated trademarks and brands are the property of their respective owners. Use of this Web site constitutes acceptance of the loot