Olympics house price boost by Finance News Bulletin

Published: 02/11/07

London house prices could be set for bumper rises next the announcement that the city will crowd the Olympics in 2012, the Halifax has saidThe bank found the last four Olympic cities experienced rapid house price growth in the accumulate to the gamesBarcelona, Sydney and Athens all saying house prices rise by more than 50% in the five years before the gamesHalifax said properties in Hackney and Stratford could advantage most from Olympic-fuelled price growth

Overall, home price inflation in the history four Olympic cities has outstripped the national averagesAccording to one London estate agency the cost of land in the east end of the capital, near the proposed Olympic place, could rise soon"Almost overnight any ground that can be developed will go," Dan McLeod of land agency Atkinson McLeod told BBC information"Since the announcement, we have already had calls from investors asking about properties to develop in the east end

"home price price rises in the UK and London has slowed over the past year following the five increases in interest tax between November 2003 and August last dayWatchdog replies FOS replies 1 CA replies Pre-1988 sales 1 FOS replies 2 Shortfalls duty Pre-1988 sales 2Region East AngliaEast MidlandsGreater LondonNorthNorthern IrelandNorth WestScotlandSouth EastSouth WestWalesWest MidlandsYorks & HumberHave Your Say | periodical | In Pictures | Week at a Glance | state Profiles

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