The current capital of the world of fashion, East London is now focusing its attention on a more exciting project, synchronized swimming. This change is expected to take place from 2012. This change is taking place although the city has seen tough times with commercial properties after the economic downturn. This city has been under the scanner for the past 2 years.

Though this was the case in the past 2 years, the city is beginning to feel a positive streak because of the construction of the East London Underground lines being extended. This will begin later this year. As an added bonus the Olympics and the new developments in the area are boosting the confidence of the city. Bishopsgate and Old Street are the 2 new projects that are attracting positive energies.

The latest report from Drivers Jonas was also in favor of London. It reported that offices to let London showed a decline of 13.7% in the property value during the economic upheaval however other places like Waltham Forrest, Hackney and Newham have showed a decline as high as 20%.

By the time the consultancy began their work the excitement of the Olympics had already died down and sales figures had already dipped. The construction was also put to a stop at this time.

Currently the city is begging to see a ray of hope as the January reports for sales show an increase in sales in all boroughs except Hackney and Redbridge. However the report also states that Hackney may show a rise in sales in the near future due to the new commercial structures that were recently built.

The construction at the West End, The Bezier is also attracting a lot of attention. It is located near Old Tube station. It offers 127 luxury apartments with a few commercial spaces too.

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