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London after the Olympics?
RickRule
Posts: 18 Forumite
Is it worth waiting for a while after the Olympics to buy property in London?
Is it right that many who bought before the Olympics want to get out of property ASAP after its all over?
Is it right that many who bought before the Olympics want to get out of property ASAP after its all over?
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Is it worth waiting for a while after the Olympics to buy property in London?
Is it right that many who bought before the Olympics want to get out of property ASAP after its all over?
I dunno about getting out, but it was on the news this morning that hotels and those renting out rooms are already having to change tact as no one will pay the prices. So hotels are left with free rooms and there are apparently some who have moved out and rented another place in another part of the country with this intention of renting out their home at premium prices. They've just been left renting one home and the other is empty. One hotel in London has reduced their room price from £475 per night to £190 per night during the olympics and are now looking for bookings. Greed ruined the day!
So rethinking is already going on, and the olympics doesn't seem to have bought the income to people living around it as thought.
Don't think prices will particularly fall, as people haven't bought houses just to be near the olympics. So they won't be selling them at the end. Theres certainly a hell of a lot of activity that will simply fall off the edge of a cliff though in terms of tourism, jobs etc.0 -
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Are 75% of the population bothered?"If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I take it that the athletes accommodation will be sold to a housing association to provide affordable housing, so that may have a SMALL effect on rents. Also construction workers on the site who needed digs close by will soon no longer be required.
Other than that I can't see why the olympics would have any effect at all on house prices."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
i think everyone on the planet has overegged the Olympics to the point of idiocy. I live in London. The Olympics is utter horse !!!! and has made zero difference to anything . Utter rubbish.0
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Zero difference to anything? I recognise horse !!!! when I see it. Surely it will have made a difference to your pocket.The_White_Horse wrote: »i think everyone on the planet has overegged the Olympics to the point of idiocy. I live in London. The Olympics is utter horse !!!! and has made zero difference to anything . Utter rubbish.
I'm certain that you won't have passed up the opportunity to get beach volleyball tickets. Easily cheaper than your favourite lap-dancing club."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
MacMickster wrote: »I take it that the athletes accommodation will be sold to a housing association to provide affordable housing, so that may have a SMALL effect on rents. Also construction workers on the site who needed digs close by will soon no longer be required.
Other than that I can't see why the olympics would have any effect at all on house prices.
It's being split up into 2,818 homes. From 1-5 beds.
Some will be available for sale, some to rent (from whom I don't know), and 1,300 will be "affordable".0 -
MacMickster wrote: »Zero difference to anything? I recognise horse !!!! when I see it. Surely it will have made a difference to your pocket.
I'm certain that you won't have passed up the opportunity to get beach volleyball tickets. Easily cheaper than your favourite lap-dancing club.
actually i was offered tickets for that, but when I heard they won't be wearing bikinis i turned them down. what is the point of getting rid of the only component of the game that compels people to watch it???0 -
What? Getting rid of their bikinis?The_White_Horse wrote: »actually i was offered tickets for that, but when I heard they won't be wearing bikinis i turned them down. what is the point of getting rid of the only component of the game that compels people to watch it???
You've probably just crashed the ticket website with a rush of people wanting to book for naked beach volleyball."When the people fear the government there is tyranny, when the government fears the people there is liberty." - Thomas Jefferson0 -
chewmylegoff wrote: »Can you explain, logically, why people will sell their houses because the Olympics are over?
Well, how are they going to buy all that silver otherwise?0
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