In total, around 3,000 residents have had to be relocated to make way for the Games on the Black Sea coast resort at a cost of £62,000 ($100,000/€77,150) per person.

The costs were revealed by Krasnodar Deputy Governor Alexander Saurin, who said the Government had built 482 new private houses and 518 apartments for those who had to relocate.

But as an alternative option to moving into the new homes, those being relocated can instead take financial compensation packages which are determined by an official appraisal their property's current market value.

Around two-thirds of those being relocated have taken financial compensation rather than new housing.

"About 95 per cent of the land needed for the Games has been acquired," said Saurin.

"We have been relocating residents from areas allocated for the construction of Olympic venues since the 2008.

"We have provided housing for them, but some people preferred to accept money."

In recent months, the Government have needed to seize a growing amount of land as the size of the project expands, meaning that people than expected have been resettled.

"The demand for land plots has had a steady tendency to grow," added Saurin.

"It has grown fivefold compared with 2008, with another 900 land plots to be taken in the next year.

"This is all being carried out in compliance with the legislation and within the set time limits."

The relocation of all residents from the areas of Sochi 2014-related construction is expected to be completed by the end of 2013 when a total, 1,786 land plots and 256 apartments will be taken for the Games.

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