Olympics boost for property

The Athens property market is set to receive a boost from 2004 due to the Olympics, if the long-term effect of the previous four games on their host cities is repeated. This is the conclusion of a report by Jones Lang LaSalle, which found the Olympics generated far more than short-term rises in jobs and revenue. The report, called Reaching Beyond the Gold: The Impact of the Olympic Games on Real Estate Markets, examines the legacies of four recent Olympic hosts and forecasts the potential impact on Athens, the host in 2004. Melinda McKay, senior vice-president, Jones Lang LaSalle, and...