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London after the Olympics?

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Comments

  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    FTBFun wrote: »
    Well, how are they going to buy all that silver otherwise?

    Personally I'm a bit disappointed that we haven't had the bronze bugs on as yet.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • Loopgames
    Loopgames Posts: 805 Forumite
    vivatifosi wrote: »
    Personally I'm a bit disappointed that we haven't had the bronze bugs on as yet.

    Lol bronze! You mean copper haha, the olympics obviously to thank for that little 'nugget':p
  • RickRule
    RickRule Posts: 18 Forumite
    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".

    One way or another the Olympic games has been very good for the UK and very very good for London.

    The question is how much has it pushed up and held up prices, when everyone goes home to other parts will there be the demand to keep all these properties occupied?

    How much will prices fall after everyone goes home and all this extra supply comes available and all the demand has gone away.
  • ukcarper
    ukcarper Posts: 17,337 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    RickRule wrote: »
    One way or another the Olympic games has been very good for the UK and very very good for London.

    The question is how much has it pushed up and held up prices, when everyone goes home to other parts will there be the demand to keep all these properties occupied?

    How much will prices fall after everyone goes home and all this extra supply comes available and all the demand has gone away.

    Due to that not very much if at all.
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    It made have been good for London short term, we shall see in the longer term. Don't forget the Londoners have invested a massive amount of money in it, over the last 10 years, that could arguably have been spent on equally beneficial things, perhaps with a longer guaranteed legacy.

    Not so sure about the benefits to the wider UK, if any at all, in the scheme of things.
    "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 Muruganantham
  • vivatifosi
    vivatifosi Posts: 18,746 Forumite
    Part of the Furniture 10,000 Posts Mortgage-free Glee! PPI Party Pooper
    I saw an article on TV this morning re the Chinese Olympic legacy. Apparently there are now more visitors to the Birds Nest Stadium than there are to the Forbidden City. Mind you, given that the London stadium was a cheaper and less architecturally interesting site, I wonder if as many people will be wanting to go visit the future and partially deconstructed ground of West Ham once our games are over.
    Please stay safe in the sun and learn the A-E of melanoma: A = asymmetry, B = irregular borders, C= different colours, D= diameter, larger than 6mm, E = evolving, is your mole changing? Most moles are not cancerous, any doubts, please check next time you visit your GP.
  • RickRule
    RickRule Posts: 18 Forumite
    vivatifosi wrote: »
    I saw an article on TV this morning re the Chinese Olympic legacy. Apparently there are now more visitors to the Birds Nest Stadium than there are to the Forbidden City. Mind you, given that the London stadium was a cheaper and less architecturally interesting site, I wonder if as many people will be wanting to go visit the future and partially deconstructed ground of West Ham once our games are over.

    I can not see anyone in years to come visiting there as a tourist attraction.

    I can however in years to come see prices of rents and property falling from the inflated levels they are now.
  • chewmylegoff
    chewmylegoff Posts: 11,469 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    RickRule wrote: »
    One way or another the Olympic games has been very good for the UK and very very good for London.

    The question is how much has it pushed up and held up prices, when everyone goes home to other parts will there be the demand to keep all these properties occupied?

    How much will prices fall after everyone goes home and all this extra supply comes available and all the demand has gone away.

    Who exactly is it that you think will be leaving London in droves and therefore freeing up all of this supply?
  • grizzly1911
    grizzly1911 Posts: 9,965 Forumite
    RickRule wrote: »
    I can not see anyone in years to come visiting there as a tourist attraction.

    I can however in years to come see prices of rents and property falling from the inflated levels they are now.

    I think they will stabilise. I don't think they will fall like they have in the North for similar high density stuff.

    What will they do with that helter skelter thing? Move it alongside the eye?
    "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 Muruganantham
  • brit1234
    brit1234 Posts: 5,385 Forumite
    Who exactly is it that you think will be leaving London in droves and therefore freeing up all of this supply?

    Troubled buy to let investors who bought at inflated peak prices on a dream that East London would stop being a poo hole and have now felt realism and remortgaging concerns perhaps.
    :exclamatiScams - Shared Equity, Shared Ownership, Newbuy, Firstbuy and Help to Buy.

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