Figures released by Lloyds Bank showed prices in East London areas have grown at double the rate of the national market.

House prices have risen by £1,500 per month since London won its bid to host the Olympics ten years ago today, 6 July 2005.

These areas have also outperformed the rest of the capital with the average price leaping from £206,191 in July 2005 to £378,884 in the most recent survey – an increase of 84%.

During the same period property prices in the rest of England and Wales have growth 41%

Since the Olympic Games concluded in September 2012, the average prices in the 14 East London postcodes closest to the site have seen prices grow 33% compared to 25% in the capital as a whole.

Andy Hulme, Lloyds Bank mortgages director, said the wider regeneration of East London caused by the Olympic Games was helping increase property prices.

“When London won the bid to host the 2012 Olympic Games many within the organising committee saw this as the perfect opportunity to regenerate the East London area,” he said.

“A decade on, the impact of major investment is there for all to see; improved rail and tube networks, a high class retail environment and the gradual conversion of the Olympic sites into residential homes.

“The improved attractiveness of living is this area of London has resulted in rising property values. Since July 2005 average house price in the 14 areas closest to the Olympic Park has increased at more than twice the average rate in England and Wales. And, since the end of Games in September 2012 price growth in this area has out-performed London as a whole.”