General (main property discussion here) - Olympic effect

We're going to open up to welcome the world in 2012, but any comments on the effect of this on property prices in East London? Do you guys think that we'll see capital growth and good rental income in that area?

Good point Aarti. Not sure to be honest. Can't be a bad thing, but London has seen some pretty good growth over last 5 years already. What's the deal with transport links - are new tubes going to be put in now? If so you may be right - could well be hotspots.

I notice a lot of the constuction companies had a boost on the stock market today. Let's hope they don't use Australian muppets like Wembley.

I've always been a bit cynical about the bid, thinking Paris would win anyway. I was genuinely elated when we won though! Good old Seb.

John

They say that the country will get about 2 billion from this, where exactly is that cash going? What will they do to improve the UK?

I think its great that we won.

Matt

Yeah, but where is the money coming from more like?

£267 extra in council tax per household in London - disposable incomes down, high st spending down, economy down, house prices down...? Not meaning to be too doomsday, I'm really glad we won, but it is a bit of a white-elephant project.

It's not as if tourism is going to increase so significantly - London is fairly saturated with tourists anyway. It's great for social reasons that there's more emphasis on the East End, but economically I don't think this will do a Barcelona. imo.

John

I"m afraid the Olympic effect isnt going to interest us at the moment as there have been bomb blasts all round London. Is everybody ok that lives there that posts on here?

Property isnt very important when things like this happen....makes you think!

There are a couple of props in Stratford on the site.. they haven't changed price since the decision...

49 Aldworth Road, STRATFORD, London E15 4DN

Flat 17, The Q Building 108-110 The Grove, STRATFORD, London E15 1NS

And No... they're NOT mine!

i am really interested to see what happens here.

my guess is that prices will jump (or at least supply will shrink) over the coming months but then most investors will realise that in fcat the time horizon for sale is too fr away and they do not want the medium term hassles of investing in an area they don't know and therefore will shy away.

tom