2
The Olympic Park would much |
change the perception of east |
London, |
establishing |
it |
as |
an attractive family housing |
location |
with |
great |
leisure |
amenities |
|
|
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the Games. The long term project is being managed with an eye on long-term quality, which means that the east London localities will potentially be able to rival the more prime areas of west London and an evidence of that is obvious. There was a hope that the Olympic Park would much change the perception of east London, establishing it as an attractive family housing location with great leisure amenities. This should attract newcomers who would; otherwise, not have considered the location previously; there is also a belief that on the long-term, the Stratford( the Olympic Town) area will be
subject to increasing amounts of overseas wealth. Not just from investors buying newbuild properties, but also the possibility of‘ displaced’ west Londoners taking the value of their property east and getting much more for their money. If that happens, the Government and Locog( London’ s 2012 organising committee) are likely to fulfil their‘ legacy’ pledge even if the housing market is yet to see any real sustained benefits.
As the end of the summer drew in, recent reports reveal a reduction in the interest shown for house sales. This year, with much attention upon the London Olympics, demand prices on property for sale dropped below normal, as August witnessed a 2.4 % decline. This occurrence was always going to happen as the increase in property prices was above average due to the global interest in the Olympics.
We believe that the modern sporting �
If the recession has taught us anything, it is that the prime and super-prime areas will never be truly affected due to the endless overseas interest
المناطق ذات على ا�سعار ان الركود لا ي�ؤثر كالمناطق الراقية الطلب المتنامي الم�ستمر
توفر ال�سيولة وغرب لندن ب�سبب في و�سط اإليها من الداخل وتدفق الاإ�ستثمارات
والخارج
DORCHESTER December 2012 13