The dream of having a second home has been around for a while, however with Covid in our lifes since 2020, the idea of having a place to relax, away from home and work is now more relevant than ever. The sunny beaches of Costa Del Sol and Costa Blanca in Spain, the warm moderate climate in Portugal, hospitable small cities in Croatia and Montenegro have all been attracting tourists and second home buyers during the long days and night of quarantines and isolation.
And no wonder, that as soon as things have started to return back to normal, we have experienced a huge wave of both tourists and property buyers travelling abroad and reviewing options to increase their quality of life.
Golf properties lost some of their luster during the 2008 financial crises. Most demanded play-golf and buy-a-property destinations in Europe being now Spain, Portugal, Italy, France, Bulgaria, Cyprus.
Today we are reviewing the advantages and disadvantages of having your property abroad at a golf course, as opposed to living in the city or in the countryside.
#1. Guaranteed ROI (return on investment). Most of the time, golf property is related to a non-mandatory rental program, which means, that there is a hotel operator, who would be happy to sign your property for the resort rental program. This way, you will be able to realize income while away and at the same time, you will still be able to use your property during you stay.
#2. Quality maintenance. The most demanded vacation destinations are the Southern and Mediterranean European countries, however it is well known, that also people there are more life- oriented and not so strict in terms of business. Therefore, coming from countries such as Germany, UK or Scandinavia, you might find the quality of services a bit more poor than at home. The good maintenance services at a reputable golf resort will make you enjoy your investment and feel welcome every time that you visit.
#3. Prestige. Not too important to many people, however to successful people from all over the world, it makes sense to have their money invested in a reputable place, which keeps developing stronger and gains hospitality and golf awards. What a feeling it is opening a new golf magazine and seeing the resort, where you owe a property on the front page.
#4. Environment and people. Successful people surround themselves with other successful people. So spending your vacation at a golf resort will make you feel the atmosphere, peace and serenity while at the same time will give you the opportunity to socialize with wealthy and successful people, who share the same taste for tranquility and lifestyle.
#5. Views. Living in the city could be a bit noisy and stressful at times, but nothing calms down better, than seeing the golf course from your terrace and listening to the songs of the birds mixed with the noise of the lawn mower in the distance. If you add the blue color of the sea, it makes the perfect scenery for a terrace view of your holiday home.
There might be some disadvantages of owing a golf property as opposed to living the city, such as: the need of getting a car or public transport (as the golf courses are most of the time distant from the cities), younger people may find living in a golf course a little bit boring and you may find your property not so liquid in times of crisis, should you need to sell.
Golf property is not suitable to each and every property buyer, however if you feel that the advantages of having your second home at a golf resort ticks your boxes, we are happy to discuss your specific requirements. Our company has a large experience in selling apartments and properties at the award winning Thracian Cliffs Golf Resort in Bulgaria, which has been Bulgaria’s best golf hotel and Europe’s best golf resort.