The Olympics And The London Property Market

Published: April 2005
Source/Company: British Property Federation

Abstract:
This essay was commissioned following a briefing given by the 2012 bid team to the BPF last summer. There was a considerable degree of enthusiasm but there was also a degree of scepticism as to the nature of likely benefits for the industry, particularly in view of the experience of other capitals. What the Experian report confirms is that the Games are of potentially huge significance to the London property market simply because of the impact they would have on London’s reputation as a place to live and do business. They could also act as a substantial catalyst for achieving major regeneration in London’s derelict East End. But the report also warns that these benefits will not come automatically and that a co-ordinated effort will be needed from the agencies involved and the development industry to ensure that the Olympic facilities are designed not just for the event itself but with their legacy use firmly in mind.

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Num Pages: 25

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