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The impact of the London Olympics announcement on property prices

Kavetsos, Georgios (2012) The impact of the London Olympics announcement on property prices. Urban Studies, 49 (7). 1453-1470 . ISSN 0042-0980

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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
Library of Congress subject classification: H Social Sciences > HC Economic History and Conditions
H Social Sciences > HG Finance
Journal of Economic Literature Classification System: L - Industrial Organization > L8 - Industry Studies: Services > L85 - Real Estate Services
Sets: Departments > Social Policy
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Date Deposited: 20 Feb 2012 13:06
URL: http://eprints.lse.ac.uk/41950/

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