The Olympics

The Olympics


News, information and stories about the Olympic Games.

Tuesday, 17 March 2009

A Nice Little Earner?

Despite the fact that the property market has all but collapsed, there are still possibilities for those with "balls of steel" to make some money.

That at least is the view that some estate agents and property development companies are trying to propagate, in respect of property near to the Olympics 2012 site.

George Wimpey, for example, are offering packages on its Altius apartment homes development which is near the London 2012 Olympic Village.

Deals include £199,995 for a one-bedroom apartment, or fast track completion in two weeks gets you the same property for £179,995.

The theory being that demand for property near to the games will be high as 2012 approaches, ie buyers can rent out the property or "flip" them to another buyer for a premium.

We shall see!

Olympic Medals won during the Beijing 2008 Olympics

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