The host of Olympic Games, without exaggeration, becomes "the capital of the world" for a while. Olympics not only makes city famous, but also promotes the development of tourism and infrastructure, improves the investment attractiveness, becomes the reason of large-scale housing construction and of property prices growth, according to ee24.com citing "Rossiyskaya Gazeta".
According to the research of Gordon Rock agency, during five pre-Olympics years, the super-high growth in 131% was observed in Barcelona, the growth in 40-55 % took place in Sydney, Torino, Beijing and Vancouver, a slight increase in 5-10 % happened in Lillehammer, Atlanta, Athens and London. Finally, the price decreased in Salt Lake City, US. After Olympic Games almost everywhere housing prices remained at current levels . The decrease happened only in Barcelona and Sydney, leaders of pre-Olympics growth.
Gordon Rock made a study of the housing market in Barcelona (1992), Atlanta (1996), Sydney (2000), Athens (2004), Beijing (2008) and London (2012). Markets of Winter Olympic Games capitals were also observed: Lillehammer (1994), Nagano (1998), Salt Lake City (2002), Torino (2006) and Vancouver (2010).