When is a good time to buy a property in East London?

The Olympic village peoperties will be coming on to the market after the games have finished, I'm not sure how this will affect the overall prices of property in the area but I suspect that it will have some impact.

I used to own a property there and have heard that in recent years at least £50,000 has been added to the prices because of the Olympic legacy. The transformation of the area has been simply amazing and the opening of Westfield Stratford City has certainly increased the profile of the area.

I would imagine that it is a case of wait and see, once the Olympics is over it will be interesting to see how easy it is to sell properties in the area and especially given the double-dip recession.

Hi Aliona 17. Whether the housing market nationally goes up or down or goes stable, one thing for absolute sure is that property around the Stratford area of East London will rocket upwards in the years after the Olympics.

I think Parchester is right, it's a case of wait and see. London has remained fairly immune from the housing recession and downward prices but indeed if we do suffer a double dip recession in 2012, people will flock to cheaper areas and that may mean that London house prices suffer. I believe that nothing is recession proof.