What does competitive and housing have in common? This is not a joke, it is a completely legal issue... Give up? Olympic.
An article published by Reuters in February 2007 explained that house prices have risen by an average of 15% since London won the bid in July 2005. The highest prices in Leidenston, Hackney and Clapton rose by 23%, 21%, and 18%, respectively.
The last four home courts - Athens, Sydney, Atlanta and Barcelona - All home prices have risen compared to other domestic markets, of which Barcelona is the most impressive and its price is almost 50% higher than Spain's. other places. However, it should be noted that these price increases all occur in the real estate market - not the depression we are experiencing or will experience in the coming years.
The online real estate forum showed a mixed response from the public, and the investment has been viewed both positively and negatively - those who believe the former argue their arguments through the rise in housing prices in Stratford - this is a perfectly valid argument. Housing prices in London are usually much lower than those in other parts of the city, so the price increase will be relatively large.
However, those who oppose the investment believe that after the Athens Olympic Games there were surplus apartments in the housing market. Olympic developer Bovis Lend Lease fears that the collapse of real estate prices in London will reduce the gains it can make in the sale or lease of houses in East London after the game is over. The Royal Institution of Chartered Surveyors defended this view and warned that as the property growth of the Olympic Games will only increase when the city can be reinvented, it also explains the substantial increase in Barcelona.
Therefore, Stratford's property challenges are not only on the shoulders of the London Olympic Committee but also on the shoulders of all of our Londoners. Whether or not Stratford's new sports, entertainment and tourism facilities can continue to operate depends largely on whether London professionals are willing to invest and live in the area after the game ends. Although it may not be desirable for everyone to rub against the elbow of millions of tourists who are expected to reach the race, there is no doubt that the Olympic Games provided a real opportunity to distort the revival of the Eastern District. Sometimes, taking into account the recent downturn in the UK real estate market, the Olympic effect may make London need investment.
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Orignal From: Olympics, property and 2012
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