Despite the fact that the Olympic Games are over a half year away there is already a positive financial impact hitting areas near and around Olympic venues.  Property and community improvements will have a long lasting impact for property owners and those living in the areas.  Property investors will see their investment grow while homeowners will see their equity increase which will assist in getting the best remortgage deals from lenders. 

One area that will benefit from the Olympics is Weymouth where sailing competition will be held for the Games.  George Long, an associate at Savills, said “Weymouth is going to be transformed by the Olympics.

“A huge amount of tourists and money are streaming in and that creates demand.

“It’s creating a little property hotspot along the coast.

“It’s not that it’s been overlooked in the past – it’s just that people haven’t realized what’s on offer. It’s a lovely town overlooking a glorious bay where the Olympic sailing will be.

“If the Olympics were happening in Poole or Bournemouth the same thing would happen. There’s a real word-of-mouth thing going on because Weymouth’s in the papers every week.

“Weymouth is one of the few places outside London really benefiting from the Olympics.

“When the Olympics come there’s going to be a lot of exposure: lovely boutique shops will spring up and it could become a real sailing Mecca like Salcombe in Devon.”

Mr. Long revealed that the area has benefitted from a £90million improvement to the road system.  One improvement was to a new road that linked Weymouth to London in only 2.5 hours.