~ Homes within golf resorts worth 19% more on average than equivalent homes outside resorts
~ Homes with golf course views benefit from additional 9.5% price premium
~ More than two-thirds of property buyers at golf resorts are non-golfers

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

Click here for the high resolution research infographic (2.3MB PDF)

ENDS

About European Tour Properties

European Tour Properties is a network of world-class golf venues which all have a close association with The European Tour, one of the game’s foremost organisations. European Tour Destinations and Courses all have the stamp of tournament quality and present a level of on and off-course facilities guaranteed to provide a memorable golfing experience for all members and visitors. With facilities located throughout Europe and beyond, many close by to famous cities and cultural experiences, our partner venues offer a range of attractive golf, leisure and accommodation options for visitors, guests and groups.  Many also showcase elegant and secluded real-estate opportunities, with bespoke options available.

About The European Tour

The European Tour is committed to celebrating the game of golf from the origins of the professional game, building a proud history of achievement, sportsmanship and integrity as well as showcasing our diverse global talent and rich landscapes. The European Tour's innovative approach enables us to embrace the world, combining championships of tradition with new tournaments in the cities and countries of the future. The European Tour International Schedule, which from 2009 has incorporated The Race to Dubai, is a thriving global brand which, in 2016, features a minimum of 45 tournaments spread across four continents; the European Challenge Tour focuses on the players of the future, while the European Senior Tour provides a new start for champions celebrating their 50th birthday. The European Tour’s corporate identity features the iconic silhouette image of six-time Open Champion Harry Vardon who gives his name to The Harry Vardon Trophy, presented to the player who is crowned European Tour Number One and winner of The Race to Dubai at the end of the season.