Browsing Golf Industry NewsVIEW ALL

Golf Resort homes have higher value according to new study

POSTED ON May 22, 2018 @ 12:50 pm

Homes within golf resorts are worth 19% more on average than equivalent properties outside resorts, a new study has revealed.

The most valued properties within golf resorts are those with golf course views, which benefit from a 9.5% price premium compared to properties without course views.

The study was conducted by European Tour Properties, a global network of 27 world class golf resorts and courses, with results based on a sample of nine golf resorts and the completed sale transactions of 500 plots, villas, townhouses and apartments during 2017.

The sample includes leading international resorts Quinta do Lago, Portugal; Terre Blanche Hotel Spa Golf Resort, France; Finca Cortesin Hotel Golf & Spa, Spain; Jumeirah Golf Estates, UAE; and Black Mountain Golf Club, Thailand.

Sandra Ruttle, Real Estate Consultant at European Tour Properties, said: “From the perspectives of both developers and property buyers, being able to evaluate golf property prices and show their resilience is important in making informed investment decisions, which is why we undertook this study.

“The resorts surveyed include some of the best known and most successful case studies of international golf resort developments, so the findings are relevant in terms of what they tell us about the market today. And it is clear that properties on golf resorts, especially those with views over the golf course, generate price premiums.”

Asked what proportion of the 19% golf resort premium was attributable specifically to a tournament quality golf course versus leisure amenities, the resorts estimated more than half of the additional value (54%) was attributable to golf, with 46% attributable to leisure.

The study also confirmed that the majority of buyers of golf resort properties are not golfers. In fact, more than two-thirds of home owners (67%) are non-golfers.

However, there are some exceptions, notably Black Mountain in Thailand where 98% of property owners are golfers.

Overall, buyers of properties at golf resorts tend to be international rather than local or national, with 84% of purchases made by overseas buyers.

The nine venues in the European Tour Properties network included in the study were:

  • Terre Blanche Hotel Spa Golf Resort, France
  • Quinta do Lago, Portugal
  • Troia Resort, Portugal
  • PGA Catalunya Resort, Spain
  • Finca Courtesin Hotel Golf & Spa, Spain
  • Jumeirah Golf Estates, Dubai, UAE
  • Black Mountain Golf Club, Thailand
  • Bom Sucesso Resort, Portugal
  • Estonia Golf & Country Club, Estonia

 
Sandra Ruttle continued: “With urbanisation growing, owning a property on a prestigious golf resort is a much sought after investment which carries a premium reflecting the service, security and integration with other on-site leisure facilities – all key assets in the minds of international buyers.

“The vast majority of venues within the network are located close to an airport, which increases the appeal of the locations for both property owners and people on holiday. Many are situated within established golf destinations and this, coupled with hotel and extended range of leisure facilities, makes buying a property at a European Tour Properties member venue a very attractive proposition.”

For more information about the European Tour Properties network visit: www.europeantourproperties.com

Comments are closed.


CLICK HERE TO Sign Up for the GIC Newsletter for all the latest Industry News.

Grow the Game Central Golf Recruitment Central Golf Marketing Central

Maximise your sales: The New Pro-Shop Solution App...

Manage your Pro Shop like a Pro: ProShop...

Cybercrime – Is your golf business insured?...

New technology, new business practice The internet and...

The Royal Sydney Golf Club to Implement New Championship Cou...

The Royal Sydney Golf Club is pleased to...

SEEK: Golf Club Fitting Technician – Leadership – (Ti...

    Experienced golf club fitting technician   Leadership focus with professional and elite amateur players Melbourne based with regular travel   Our...

SEEK: Golf Operations Assistant – Indooroopilly GC (Brisban...

Indooroopilly Golf Club (IGC) is one of Australia’s most highly respected private golf clubs with 36 Holes, situated on a 131 hectare...

SEEK: General Manager – Toowoomba Golf Club Middle Ridge (Q...

The position of General Manager reports to a Board of Directors and is responsible for the overall delivery of the Club’s strategic...

New Zealand Golf’s Sustainability Pledge...

The golf bodies of New Zealand have today announced their unified support for a new national initiative that will drive the sport’s...

Golf Saudi Summit: Major new golf business event announced...

Yesterday saw the announcement of an all-new global golf business event, the Golf Saudi Summit, that will bring together...

Australia among first to roll out world handicap system in 2020...

The World Handicap System (WHS) is ready to be launched from January 2020 and will provide golfers with a...

Hong Kong Open postponed due to ongoing social unrest...

Regretfully the European Tour, in conjunction with our tournament co-sanctioning partner at the Asian Tour, has taken the decision...

Toro Lends Support to PGA of GB&I’s International Conferen...

Toro, one of the world’s leading brands of turf and landscape maintenance equipment, has become a supporting sponsor of...

The most outrageous mini golf competition is coming to Australia ...

Eureka Productions is now looking for golfing pros and weekend players to apply for a new mini golf show....

Superstar panel to entertain at the Schweppes National Conference...

As part of the 2019 GMA National Conference, the Schweppes Dinner will be held on Tuesday 8th October in...