Properties in Weymouth created to house people during the Olympic Games this summer will be three times the normal price to rent, despite the fact that many are still incomplete.
26 Luxury Ocean View apartments will become available in the Olympic Village, located in the Castletown district of Weymouth, where the sailing events for the 2012 Games will be taking place.
Blue Chip Vacations, the local letting company that bought the apartments, says they have rented two thirds of them at triple their normal renting price. The most expensive of the top end apartments is currently going for £2026 per week.
The head of the company’s property portfolio, Ewan Davy, said: “The highest 4* gold property will range from Corporate bookings in the Ocean Views apartment blocks 7 nights for 4 people costing £1,800 to £2026.”
The main clients for the properties so far have been competing Olympic Squads, as well as officials for the games, which will be taking place in Weymouth in July and August.
Mr Davy, said: “We felt that buying these properties was a long term investment.
“We have found that 67% of people are more likely to take a holiday in Britain and stay in self-catered accommodation, so these new builds are perfect holiday rentals because of their great location regardless of the Olympics events.”
But Comer Homes, the property developer for Ocean Views, have not yet finished renovating the properties, which are amongst 550 new builds in the area yet to be completed.
A spokesman from Symonds and Sampson, a local estate agent that has been letting the apartments, said the properties are “far from finished, four months away from the events”.
The new builds, redeveloped from the dormant Portland Naval Base, include a state of the art fitness centre, jacuzzi and swimming pool, are located next to historic Portland Castle, and have prime views of the sailing events themselves. The £100 million project began in 2006.