Kavetsos, Georgios (2012) The impact of the London Olympics announcement on property prices. Urban Studies, 49 (7). pp. 1453-1470. ISSN 0042-0980
Full text not available from this repository.Abstract
This study estimates the impact of the London 2012 Olympics announcement on property prices. Using a self-constructed dataset of a sample of property transactions, it is estimated that properties in host boroughs are sold between 2.1 and 3.3 per cent higher, depending on the definition of the impact area. A similar investigation based on radius rings suggests that properties up to three miles away from the main Olympic stadium sell for 5 per cent higher. It is estimated that the overall impact on the price of properties in host boroughs amounts to £1.4 billion, having substantial social and financial implications for existing residents.
| Item Type: | Article |
|---|---|
| Official URL: | http://www.sagepub.com/ |
| Additional Information: | © 2011 Urban Studies Journal Limited |
| Divisions: | Social Policy |
| Subjects: | H Social Sciences > HC Economic History and Conditions H Social Sciences > HG Finance |
| JEL classification: | L - Industrial Organization > L8 - Industry Studies: Services > L85 - Real Estate Services |
| Date Deposited: | 20 Feb 2012 13:06 |
| Last Modified: | 12 Dec 2024 00:05 |
| URI: | http://eprints.lse.ac.uk/id/eprint/41950 |
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