The age of golf development

Golf continues its pulling power as an attractive feature for property buyers.  Tenerife Property Shop released a report this week based on their own evidence and citing figures released by other experts on the Spanish property market.  Developments on golf courses prove to be continually popular with overseas property investors because of the sustainability of returns.

According to Inmueble Magazine, the leading property magazine in Spain, the potent mixture of property and golf is demonstrating its commercial muscle in Spain, with 250 golf developments and property to the value of 5.9 billion Euros on the market. 30% of people who buy property on golf developments are investors, who divide into 2 groups: those looking for short term capital gains and those looking for longer-term rental yields. Investors focusing on short-term capital gains (selling on before completion) have in some cases seen their investments increase by up to 30% in a year.

Tenerife Property Shop use the example of the new Palm Ridge development in Amarilla Golf which was released in January this year.  'This project has all the ingredients of success in the more sophisticated market we are now dealing with.  Great views, surrounded by golf courses and spacious accommodation built to a high standard are what buyers are looking for' explains Mary Spencer, of Tenerife Property Shop.  'The Palm Ridge development has proved to be popular because it represents good value for money and excellent potential.'

Tenerife Property Shop's regular reports will soon be publicly available on their website www.tenerifepropertyshop.com