Do You Think Property Values In London Will Go Up Now That They Have The Olympics?
 

Prices over there are pretty crazy already, do you think they will a big upswing as the Olympics gets closer?

Your thoughts?

DH

I think the French are very pissed off about London getting the Games.

I believe places directly around where the major events will be held will skyrocket.

:1orglaugh :1orglaugh Good!

:321GFY France!

Yay for London!! :banana

And yeah, they'll probably hike some prices down there - but at least they've got about 6 years to spread it out.. :winkwink:

London prices are more absurd than California. The Olympics will stimulate businesses, local construction, indian food and those big Dr. Suess hats that say "UK" on them, but I can't see residential property cost inflating.

But then again, I am no expert, I am just posting in this thread so that I can feel a part of the group.

It didn't happen in ATL What was funny was all these people thinking they were going to win the lottery by renting out their homes for a fortune - and these were people in the suburbs - 30+ miles away from the venues! There were even empty hotel rooms in the closer burbs once the Olympics started.

The good things: Everyone took public transportation so the streets were clog free, people freaked out and thought the restaurants would be packed so no one went - they were empty so it was a perfect time to go :) And apparently the big scare over there not being enough tickets was BS - everyone I know got every single ticket they reqested.

It was fun and I'm sure it brought income into ATL, but there was no rise in home prices.

Welcome Cory , lets have a group hug :pimp

But white cloth and explosive sales went up.

haha....sorry Peaches.

Didn't London just experience a huge real estate bubble burst?

I wonder if this will put them right again.

Prices have settled down a little and prices have come down slightly but the housing market hasn't crashed yet... the UK economy is in great shape at the moment so I can't see it really happening yet.

Fuck France

well , london REst prices are in the sky now
i don;t think it could get much higher just because of 4 weeks olympics ....

He was from NC. We need stronger borders in GA :thumbsup

I think that real estate values are based around the same principles as any other free market product. Proactive marketing will increase value.

Also, an event such as the Olympics is bound to raise land values. Nations and individual cities have to do a lot of work to prepare for an influx of temporary population without letting it impact their GDP.

I think that it will be interesting to watch the land values all around London to see how their class system adjusts for the temporary population surrounding the Olympics and also the permanent residents that will move around.

But then again, I am no expert, I am just posting in this thread so that I can feel a part of the group.[/QUOTE]


:1orglaugh :1orglaugh :1orglaugh

We all love you Cory :)

PUGS 4 LIFE!!!

DH

I think the French are very pissed off whenever London gets something.

But then you risk keeping people in Georgia against their will.

What happened after Vancouver got their winning bid? Did they start to go up or not yet?
WG

I'm not sure if prices will rise as a result of it, but I'm sure real estate agents will certainly try to convince prospective buyers that it will send prices through the roof.

Atleast you were honest haha

I wouldn't buy property near the Olympic park in the hopes of capital appreciation based solely on the Olympics. Too far away and too many factors. However if you own the property I'd hang on to it in speculation of capital appreciation.

I hope so, im in walking distance of most of the venues.

I expect my net worth jumped a few points this afternoon :)

As early as now, I guess there's a big possiblity..

i think there's a possibility but the increase might be smaller than what we expect.