News - Golf property demand

Real estate industry promotes golf developments

Spanish real estate industry promotes golf developments as the demand for golf properties have tripled from 2001 to 2005.
In the last years the demand and the development for property units on golf courses has significantly increased and golf resorts are becoming very popular. By the end of 2005, 39.000 golf properties were sold with a value of approximately 10.500 million euros.

Murcia and Andalucía are the most demanded areas. The national and foreign increase of golf players, the favourable economic situation in Spain and the Spanish improvements within the European Union, the reduced types of interest, the climatic conditions and the improvements in infrastructures carried out in the last years, are some of the factors that explain the increasing demand for golf property in Spain.

The forecast for this new market is very favourable, between 2006 and 2010, 150 golf courses could be opened.