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Thu 10 Oct 2009The Olympics effect before and after, in Rio and Beijing
Cities that host the Olympics can expect a race to invest in property, even in a recession. But what happens afterwards? We report from Rio de Janeiro, where residential prices are expected to rise by 50 per cent before 2016, and Beijing, where property is still booming
WHEN THE HEAD of the Olympic movement, Jacques Rogge, announced earlier this month that Rio de Janeiro would host the summer games in 2016 Pelé cried, thousands partied on Copacabana Beach and shares in Brazilian builders shot up on the São Paulo stock exchange.
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