Pirin Golf & Country Club, Bulgaria, one of the in-depth case studies highlighted in The New Era for Golf Real Estate.
European Tour Destinations audit reveals: 40% of property buyers in Dubai now from UK, up 10% year-on-year. More than 25 million euros invested in wellness amenities at four leading destinations.
WENTWORTH, UK – A global increase in demand for green spaces, wellness and the opportunity to work from home is driving new interest in golf properties in the wake of the pandemic.
Buyers, many of whom are leaving cities, are attracted to golf resorts for their nature, fresh air and five-star services.
These are the findings of a new international audit by European Tour Destinations, a network of 30 world class golf venues, highlighting shifts in consumer behaviour and emerging trends, and published in a new multimedia feature: New Era for Golf Real Estate
The audit reveals:
- At Jumeirah Golf Estates, Dubai, UK property buyers now account for 40% of real estate sales, up 10% year-on-year
- The number of domestic buyers at Quinta do Lago, Portugal, has nearly doubled from 11% to 20%
- PGA Catalunya Resort, Spain, is opening a new Wellness Centre this spring, one of four resorts (also Jumeirah Golf Estates, Dubai, – Lighthouse Golf & Spa Resort, Bulgaria and Quinta do Lago, Portugal) investing over 25 million euros (combined) in new wellness amenities
European Tour Destinations real estate consultant Sandra Ruttle, who conducted the audit, said: “It’s long been the case that non-golfers make up the majority of residents in golf communities, typically 66%. But new buyers are now realising that residential golf communities offer much more than golf.
"In the case of European Tour Destinations, these are resorts with world class amenities and services, communities with shops, restaurants and spa facilities. They are safe, secure, peaceful places to live – and they are proving highly attractive places to live and invest in.”
Ruttle highlights how golf property buyers are increasingly from local and domestic markets, often quitting city homes and making their purchase a permanent home, rather than an investment.
The New Era for Golf Real Estate feature also highlights in-depth case studies from PGA Catalunya Resort, Terre Blanche, France and Pirin Golf & Country Club, Bulgaria.
Vicky is the co-founder of TravelDailyNews Media Network where she is the Editor-in Chief. She is also responsible for the daily operation and the financial policy. She holds a Bachelor's degree in Tourism Business Administration from the Technical University of Athens and a Master in Business Administration (MBA) from the University of Wales.
She has many years of both academic and industrial experience within the travel industry. She has written/edited numerous articles in various tourism magazines.
