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One in four Britons worries their finances are out of control, a survey shows. About 27 per cent said they sometimes or always felt they were not in control of their money, while eight per cent admitted they regulary spent more than they earned, according to financial services group GE Money.
 
Real Estate in East London

East London real estate market has shown remarkable surge in the recent past. This is contrary to the general downward trend of property market in rest of London. The enhancement of mortgage rate combined with employment crunch scared the first time buyers from entering the normal residential property market. 

The East London property surge, attracted good number of real estate dealers and investors to enter the market expecting short time gain on resale and with intension of anticipated enhancement of rent on residential property in this part of London.

Above average property deals were concluded in past six months resulting in minimum 15% rise in prices. Though this could not be termed a boom but is substantial when comparing with the general trend. The 2012 Olympic games will generate further heat to the vibrant real estate activity in East London.

The ensuing Olympic games will be going to attract many a new developers in East London. This will have cascading effect on real estate deal of commercial property in addition to residential accommodation. East London’s up coming gated development with a price tag of £ 300,000 to £ 500,000 and eco friendly luxurious apartments are going to attract buyers considering fast development and proximity to main busyness centers while giving the benefit of peaceful living away from rush of city life. The improved infra structure and logistic connectivity to East London is another plus point for preferring property purchase here.

The Olympic games venue will need low value residential accommodation to cater for the residence for employees for infrastructure development and busyness development. The newly constructed apartment houses are already sold out. The apartments those are under construction will be sold out immediately on completion. The first time buyers will be attracted for purchase once the expected interest rate become effective.

The London city Airport is conveniently located ensuring minimum commuting time and distance for air travel. There is not much of complaint about this airport regarding sound pollution. The type of aircrafts operating from here is comparatively small. The tube rail connectivity is another advantage for residents of London East. This will be added attraction for real estate investors in this locality.
 
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