|
The Grass is Always Greener |
 “Golf properties are always a good investment,” says Ian Cunningham of escapes2.com. “In difficult times they hold their value better than other properties and in the longer term will always see a good return because a golf course ensures open views and low-density construction. Interest level in golf property is currently high and prices are at a level now to give the potential buyer confidence to step in and look seriously at what’s on offer”
Gerard Rees, Director of Mercers’ Mazarron office on the Costa Cálida reports: “Golf property is still proving to be very popular but golfers are looking for bargains, and at Camposol Golf, just ten minutes from the coastal resort of Mazarron, resales are moving exceptionally well”
However, Paul Rossiter, MD of Carrington Estates, advises making a careful judgement as to where future value lies. “Today’s buyer is looking for quality golf as well as good property, and if the resort has that formula right the buyer will have a long-term profitable investment. Golf property is as popular as ever but discerning buyers can easily tell the difference between a decent golf course and a distinctly average one.”
The non-golfer resident is also attracted by the ready-made sense of community a golf development brings, with focal points such as bars, restaurants and other leisure activities on site; and to the non-playing investor the allure is the rental opportunities - the golf season is normally longer than the holiday one.
Key to renting your golf property is the attractiveness of the golf offering. For those who don’t play this can be tricky to gauge.
Read the full article in our November 2009 issue. |
