That is the view of property experts Buy Association, which expects prices in the area to be "pushed up" by the changes.

"East London is one of the few places in the capital where there is still potential for expansion and to really improve the infrastructure and residential side of things," said Paul Collins, a spokesperson for Buy Association.

"And that in its own way brings in businesses and brings in income from other parts. So it's high time this part of London was given some attention and I think it will be a really good thing for it."

And the Olympics could prove to be just the spur needed for this to begin.

"If you look at the example of other cities that have hosted the Olympics, for the vast majority it's been a positive thing. These places have been regenerated and used as residential areas," explained Mr Collins.

Furthermore London City airport does not present some of the problems associated with larger scale transport hubs.

"London City airport is a bit of a different one because it's very much an urban airport and has always been right in the middle of residential areas so there aren’t any huge planes that use it," continued Mr Collins.

"It is very much a business airport so it is only really private jets and smaller aircrafts. So the disruption is fairly minimal, and the noise isn't that bad."

The airport saw passenger numbers increase by 27.9 per cent last year, and as part of a wider transport infrastructure London City is adding to property values in the area.

"The transport is good, particularly in that part of London because you've got the new developments going into the Olympics site, you've got the fact that the Docklands Light Railway is extending down to Woolwich as well.

"The transport infrastructure in the area is improving hugely," concluded Mr Collins.