Olympics will boost London property
01 October 2007
London property will experience a positive knock-on effect once the Olympic Games have been staged there in 2012, it has been claimed.
According to Naomi Heaton, the chief executive of London Central Portfolio, it is not only the east area of the capital - which is set to be regenerated with Olympic funding - but also other areas that will benefit.
The expert noted that events will take place in areas such as Hyde Park and Regents Park, while the Palace will stage beach volleyball and a triathlon will be conducted in the Serpentine.
Ms Heaton said: "They'll be a huge amount of activity in the centre of town ... there's going to be a massive face lift in the centre of London."
In addition, she noted that the city's transport links will be improved in the city centre, potentially more good news for property investors.
London 2012 states that the capital will "come alive with cultural activity" during the games.