Date 24 August 2016
Page 1
Property price revolution
Iain Burns
[email protected]
With the average house in the
borough rising by £62,694 in the past
year, owning a property may seem
like an impossible dream.
But new homeowner Nick
Monopoli, who moved to Maryland
earlier this year, says massive regeneration has led to the area seeing
London’s biggest increase.
“The rezoning really put it on the
map, but the Olympics and Westfield
have been part of what seems a
masterplan,” he said.
Rob Wade, Douglas Allen’s associate operations director for east
London, said Newham was following
Walthamstow’s boom and expects the
trend to continue.
But Keith Fernett, CEO of homelessness charity Caritas Anchor
House, warned the rapid increases
have made it “virtually impossible”
to rehouse people in Newham and is
forcing them out.
See p8-9 for the full story.
Copyright NLA Media Access. For internal use only. Not for reproduction.
Date 24 August 2016
Page 1
■ Queen Elizabeth
Olympic Park and
Westfield Stratford
City were built as
house prices rose.
Copyright NLA Media Access. For internal use only. Not for reproduction.