The borough of Newham saw the biggest drop in house prices last year according to data from the Land Registry. Prices in London generally rose by 2.8% but Newham was bottom of the list with a 2.5% fall.
The other boroughs north of the Thames that are benefiting from the Olympics all saw a rise. Nick Verdi, a real-estate broker at Keatons, feels it’s a very flat market at the moment. Speaking to Bloomberg he said: “There’s still a lot more infrastructure that needs to be built in Newham before you see significant rises in house prices.”