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The East Village, Stratford’s new Olympic Park neighbourhood E20, is destined to be one of the city’s hotspots when new homes are launched in the area according to research by the Centre for Economics and Business Research (Cebr). The East Village will be ready for occupancy next year and will provide 2,800 properties. Around half of these will be affordable new homes, and the remainder will be available for private rent.
If you're looking to buy a new home or get a better deal on your mortgage, now is the perfect time. Recent comments by the Governor of the Bank of England have hinted that interest rates are set to remain at their record low until at least 2014. And, other experts believe that rates will stay low for even longer - perhaps until 2017. So, isn't it time to take advantage of cheap mortgage deals?
A combination of a shortage of new homes and low mortgage borrowing rates are expected to drive residential property prices up by 5.3% for 2010 to an average of £172,500, according to an estimate made by the Centre for Economics and Business Research (CEBR).
The CEBR prediction of a 5.3% increase for 2010 has been revised down from its previous estimation of 6% annual growth.