Homes at golf resorts are worth 19% more on average than equivalent properties outside of resorts, new study finds. The most popular properties in golf resorts are those with golf course views, which have a 9,5% premium over properties without a course view.

Jumeirah Golf Estate - Dubai - Photo: DR

The study was conducted by European Tour Properties, a global network of 27 world-class golf resorts, with results based on a sample of nine golf resorts and completed sales transactions of 500 plots, villas, houses and apartments in 2017.

The sample includes the main 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 Advisor at European Tour Properties, said: “From the perspective of developers and buyers, being able to price golf courses and show their resilience is important in making informed investment decisions. is why we undertook this study. .

“The resorts studied include some of the best-known and most successful case studies of international golf resort developments, so the results are relevant in terms of what they tell us about the market today. . And it's clear that properties on golf courses, especially those with a golf course view, generate price premiums. "

When asked how much of the 19% golf premium was attributable to tournament-grade golf versus recreational equipment, resorts estimated that more than half of the additional value (54%) was attributable to golf.

The study also confirmed that the majority of golf course buyers are not golfers. In fact, over two-thirds of owners (67%) are non-golfers.

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

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

The nine sites of 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 continues: “With increasing urbanization, owning a prestigious golf course is a highly sought-after investment that offers a premium reflecting service, safety and integration with other on-site leisure facilities - all strengths in mind international. the buyers. "

“The vast majority of sites in the network are located near an airport, which increases the attractiveness of the sites for owners and vacationers. Many are located in established golf destinations and this, coupled with the hotel and a wide range of leisure facilities, makes buying a property on a member site of European Tour Properties a very attractive proposition. . "

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