The relationship between large international events and housing prices

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2001, 2002, and 2004, the three years when the host right was granted, became the low point of housing prices in Beijing, Shanghai and Guangzhou respectively. It can be seen that major sports events and the construction of major stadiums have a significant driving effect on the regional property market.

    Let's compare the investment quotas of major venues for sports events in various cities: 17 billion for Beijing Olympic venues, 8 billion for Shanghai World Expo, 6 billion for Guangzhou Asian Games, and 5 billion for Shenzhen Olympic Sports New City. The ranking of investment in each city is the same as the ranking of events hosted.

    In 2000, Beijing was stimulated by the news of the Olympic Games, and the housing price rose to 4,128 yuan/square meter. After the successful bid in 2001, the housing price rose to 4,770 yuan/square meter. RMB/square meter, with a rate of 62.9% and an annual average of 12.6%.

    In 2000, Shanghai was stimulated by the news of the World Expo, and housing prices began to rise, reaching 3,326 yuan/square meter that year. Especially in 2002, when the bid was successful, Shanghai housing prices immediately rose to 4,010 yuan/square meter. By 2005, Shanghai housing prices were 6,698 yuan/square meter. , rose by 3372 yuan / square meter in 5 years, the increase rate was 101%, and the average annual rate was 20%.

    In 2003, Guangzhou was stimulated by the news of the Asia Cloud Conference, and the housing price finally got out of the sluggish situation of 7 years. The housing price was 3888 yuan/square meter in that year, and it has gradually increased since then, reaching 4618 yuan/square meter in 2004. In 2005, the housing price in Guangzhou was 5017 yuan. RMB/square meter, an increase of 1129 yuan/square meter in 2 years, an increase of 29%, an average annual rate of 14.5%.

    From the above simple analysis, there is a positive correlation between international events and the housing price trend of the host city. If it is professionally said, international events drive investment, investment drives urban value enhancement, and urban value drives housing prices.