With the Olympics just around the corner, many are looking forward to watching or being part of the spectacle. But when the event ends, those looking for property might be able to use a residential conveyancing solicitor to walk away with a little bit of the games.
Potential home owners wishing to acquire London property might want to look at the Olympic village in Stratford, which will be converted into 2,800 flats and houses.
More than half of the properties have already been sold to Triathlon homes, who aim to give 675 to councils, while the rest will be ear-marked as private houses.
UK developers Delancy and estate agency company Qatari Diar will own the rest of the homes in an area to be known as the East Village.
The Independent reports that the average house price in the Olympic village will be around £260,000, with a further 8,000 homes to be built by a variety of developers in the future.
A few years ago, Stratford was widely regarded as a run-down area with a high crime rate and unsightly buildings, but, since then, the area has benefited from a new £1.45bn shopping centre and transport links. Developers hope that these projects might make the area more desirable to potential home owners.
The athletes’ village in Weymouth will also be converted into homes by developers ZeroC, who have set prices between £135,000 and £260,000 – most of these, however, have already been sold.
To find out if Healys could help you purchase a piece of the 2012 Olympic Games, contact our residential conveyancing specialists here.


