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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). pp. 1453-1470. ISSN 0042-0980

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Identification Number: 10.1177/0042098011415436


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:
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: 16 May 2024 01:24

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