The golf economy is a growing one. With a total of 4.220,135 golfers registered in Europe in 2016 (the most up to date figures), and golf courses present in 85% of the countries of the world, it’s easy to see why investors enjoy the benefits of purchasing on a golf resort.
A survey carried out by the IGTM showed that, in Europe the majority of golf travellers choose to book their golf break independently, with German’s leading the way at 70% of golfers choosing to make their own arrangements rather than a package holiday, meaning that independent owners of apartments in golf resorts can very much benefit from this market.
However, not all golf resorts are created equal – as you can see from the table below – golf course fees across Europe can vary dramatically, as do purchase prices.
Most golfers want to follow in the footsteps of the games greatest players, playing on PGA rated courses, however, when it comes to green fees, high costs can be prohibitive when accounting for large, varied groups of travellers.
For many, surrounding amenities are also a priority, with a the IGTM study showing that standard of accommodation in the immediate locale rated as the third most important factor when booking a golf holiday.
Coastal locations are preferred by many travellers, with many enjoying relaxing by the beach after a day on the fairway.
Investing in a Golf Resort
For investors looking to make maximum returns, established golf destinations may not offer the opportunities that they have in the past. Apartment prices have risen with demand, with the lowest price apartments for established areas such as close to the Laguna Golf Course in Vilamoura, Portugal starting at 280,000 euros.
Areas such as Bodrum in Turkey offer investors a great alternative, with entry prices starting at just £47,500 for a two bedroom apartment.
Green Park – Bodrum
For those wishing to invest in a great region for golfing, Green Park in Bodrum offers exceptional value for money.
Located alongside Vita Park Golf resort, and within easy reach of Regnum Golf and Country Club, Green Park is located to enjoy the best value golf on the Mediterranean. The apartments are situated opposite the golf course and offer all the benefits you would expect including high specifications, communal pool, and beautiful communal areas.
Thanks to the lira crash, investors are able to take advantage of this significant currency opportunity, with apartments starting at just €47,500.
The development is situated just 14km from Milas International Airport, making it of great interest to those wishing to step off of the plane, and go straight the golf course.
Find out more about our great opportunities in Turkey, or contact us for more information.