Kavetsos, Georgios (2012) The impact of the London Olympics announcement on property prices. Urban Studies, 49 (7). 1453-1470 . ISSN 0042-0980
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 |
| Date Deposited: | 20 Feb 2012 13:06 |
| URL: | http://eprints.lse.ac.uk/41950/ |
Actions (login required)
 |
Record administration - authorised staff only |
