Course Development
GOLF RESORT HOM
VALUE ACCORDING
H
omes within golf resorts are worth
19% more on average than equivalent
properties outside resorts, a new
study has revealed.
A few years back Strathfield, like many
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 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.”
“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 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
34
decisions, which is why we undertook this
study.
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 Golf Marketing Professionals I www.golfindustrycentral.com.au