The golf property premium

golf property
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Property and real estate in golf resorts, including in Thailand, are worth an average of 19 percent more than equivalent real estate elsewhere.

The most valuable properties within golf resorts have golf course views, which benefit from a 9.5 percent price premium compared with properties without course views.

This new 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 included golf property at leading international resorts including the Black Mountain Golf Club in 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 percent 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 percent) was attributable to golf, with 46 percent attributable to leisure.

The study also confirmed that the majority of buyers of golf property are not golfers. In fact, more than two-thirds of home owners (67 percent) are non-golfers.

There are some exceptions, notably Black Mountain in Thailand where 98 percent of property owners are golfers.

Ruttle concluded: “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.”

Andrew Batt
The author of this article is Andrew Batt, the founder and editor of Andrew has been writing about property and real estate issues in Thailand and Southeast Asia for more than 10 years. He has worked for PropertyGuru Group, DDproperty, Dot Property Group, Hipflat and AsiaRents. He has also produced content for leading Thailand property developers and real estate agencies.

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