London after the Olympics?

Treadstone2.0

After the games what will happen, when everyone flies back to where they came from? Then when everyone involved with the games is all unemployed at the same time? That unemployment chart looks scary. Are things really that bad? I thought because of the Olympics everything is picking up around London. Hotels restaurants everything, what will happen after the Olympics and everyone goes home? Then all the temp staff involved with the games and security all join the dole lines?

Everything in London is artificial higher than it should be without the games, what will happen when everyone goes back home to their countries and all the staff are all laid off all at the same time.

What will happen to all the businesses who are onlly doing well because of the games? Will they all have to let staff go when its all over?

I would not like to be looking for a job after the games and everyone involved is also looking for a new job.

homelessskilledworker

Hope more good things...

I knew that area before all this kicked off, it was amazing that such a huge area of London was just sitting there doing nothing. The area was a dump, the ground was contaminated, yet the potential has always been huge.
When the Olympics is done the clean up of that area will now kick start the regeneration of the 100's of acres that are still available to build on, business and residential.

The story has not finished yet, and as a reminder before I head down to London on friday I am going to watch the old classic from years ago .. The Long Good Friday.. the first time I heard in a flim or news clip where that area was going to be turned into an Olympic park:)

Treadstone2.0

homelessskilledworker wrote: »

Hope more good things...

I knew that area before all this kicked off, it was amazing that such a huge area of London was just sitting there doing nothing. The area was a dump, the ground was contaminated, yet the potential has always been huge.
When the Olympics is done the clean up of that area will now kick start the regeneration of the 100's of acres that are still available to build on, business and residential.

The story has not finished yet, and as a reminder before I head down to London on friday I am going to watch the old classic from years ago .. The Long Good Friday.. the first time I heard in a flim or news clip where that area was going to be turned into an Olympic park:)

Even more residential building going on will just make the problem worse, there is going to be loads of empty properties going cheap?

FTBFun

Treadstone2.0 wrote: »

Even more residential building going on will just make the problem worse, there is going to be loads of empty properties going cheap?

Most people who've come here for the Olympics are temporary vistiors - why on Earth, other than being quite mental, do you think this will means hordes of people leaving the city?

Out,_Vile_Jelly

London isn't comparable to recent sporting events in Poland/Ukraine and S Africa where they had to suddenly accommodate huge numbers of visitors with limited existing infrastructure; it's already a major tourist destination and world capital. A couple of extra hotels may have gone up near Stratford, but the city already had plenty (from the oppulent to budget hostels) who were making a tidy living.

cotleigh

chewmylegoff wrote: »

Can you explain, logically, why people will sell their houses because the Olympics are over?

Or, why anyone would make a long-term decision like buying a home in the first place, or how much to pay for one, on a 10 day athletics tournament happening down the road???

olly300

RickRule wrote: »

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?

Can I ask what kind of dream world you live in?

There is a housing shortage in London and it's not due to the Olympics. It's due to a lack of housing particularly affordable housing to rent all over London.

Also while I don't live in East London I live near two Olympic venues and I can tell you straight off the only people I know are moving, are moving because of personal reasons i.e. property too small, property too big.

fc123

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.

That's a bit of a grumbly remark TWH.:)

I haven't really held an opinion on them just beacuse it's been a bit whoosh over mt head/day to day life but the stadium is great and in a place that was just bleugh before. I haven't read what it will be used for afterwards (concerts? other sport events?) but it has made something out of an area that was just drudging along on the edges.

The sad bit is the shooting venue @ Woolwich as I saw it get built day by day and, apparently, it's being pulled own afterwards. Shame it couldn't be used for something positive post games. It is on a site with plenty of open space so only nicked a little bit oif green.

RickRule

brit1234 wrote: »

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.

Not yet, but yes when everyone goes home after the Olympics and there will be loads of supply become empty and not that much demand.

GeorgeHowell

Out,_Vile_Jelly wrote: »

London isn't comparable to recent sporting events in Poland/Ukraine and S Africa where they had to suddenly accommodate huge numbers of visitors with limited existing infrastructure; it's already a major tourist destination and world capital. A couple of extra hotels may have gone up near Stratford, but the city already had plenty (from the oppulent to budget hostels) who were making a tidy living.

That's right. Spending a bit if time up there the other day it was very evident how London can swallow up something as mega as the Olympic Games and still carry on almost as normal, without really skipping a beat. There's about five cities in the world that could do that.

So the olympics will not be a total game changer, but represents a fantastic opportunity to showpiece London and the UK in general to the rest of the world. The benefit of such visual availability should not be under-estimated. Look how much Big Mac, Coke and others are paying to have their names plastered up front. The comparable effect for brand London and brand UK will be immeasurably greater.