Ten Reasons to Invest in a Golf Property in Europe

Golf is no longer an exclusive sport for the wealthy. More and more people of all ages and backgrounds are taking up the game, and they are not just content to play on their local course. Golf has gone truly international with world class courses springing up on every continent. A number of professional golfers, such as Jack Nicklaus, Gary Player, Tiger Woods and Ian Woosnam, have put their names to these courses and are developing a new type of golf resort, one with freehold property available to purchase.

Ten Reasons to Invest in a Golf Property:

1. A good investment. The lifestyle factors are important when planning a property purchase however the financial aspects are key. The benefit of purchasing on a course is that the demand for golf property remains high, providing an exit from the market at any point. Buying a property off-plan will also usually result in significant capital gain by the time the course has opened.

2. Money earner. There is excellent holiday rental potential both in the domestic and foreign markets as the popularity of golf continues to grow. On some developments rental returns of up to 6 percent per annum are offered (for a set period of time after purchase).

3. Year-round use. Buy a property in a country such as Spain, Dubai, Florida or South Africa and not only will you be able to make the most of your property all year round but you would also have the option to rent it out 365 days a year.

4. Value for money. Compare average property prices in the UK of £200,000 to just about anywhere else in the world and you can get so much more for your money if you buy overseas. Plus, how many opportunities are there to buy on a golf complex in the UK?

5. Not just golf. If you love golf but your partner doesn’t, never fear. There are plenty of other distractions to be found on site. Choose from tennis, football, volleyball, basketball, swimming, gym and beauty spa.

6. Family fun. Most golfing communities are very child-friendly. Look for courses and clubs which have children’s play areas and swimming pools. If you have very young children look for those places with an on site crèches to enable you to hit the holes without interruption!

7. Living on the green/community living. Enjoy the pleasure of community living, where everyone you meet will be fellow golfing fans and where you’ll always have something to talk about … golf!

8. Amenities. Most sites have their own bars and restaurants but some even have their own shops and cinemas so you never have to leave the grounds. Perfect for a hassle free break.

9. Different culture. Experience the sport you love in a completely different culture where you can enjoy the “vie difference”!

10. Retirement. Buy your golfing property to enjoy now as a second home with the thought that it could be somewhere to retire to when the time is right.

The Main Reasons For Purchasing A Foreign Property - Part 1

There are several broad reasons that people may have for purchasing a property fin Europe. Here are some of the main ones:

They wish to relocate to a geographical location that better suits their lifestyle, income and circumstances. For example, a surprisingly high number of people emigrate to Spain because of it’s great climate, relative low cost of living and the cheaper property prices.

They wish to purchase a foreign property as a form of financial investment. Increasingly, property investment is being touted as the "ultimate" fool-proof way of achieving long term financial gain. Some people are now even using property investment as their main financial provision for old age.

They wish to purchase a holiday home. This is mainly for those who have the resources to purchase a property in their favourite part of the world – somewhere they enjoy visiting, perhaps where they can laze away on the beach and enjoy the fruits of a completely different environment.

Some elderly people may wish to purchase a property abroad for retirement. Often, couples in their twilight years may find that their current life has changed dramatically. They may live in a large house (too large now the children have flown the nest), wish for a slower pace of life or may simply want to move somewhere different for health purposes (for example a less cold climate). More elderly citizens relocate than is commonly thought.

Whatever the motive, there are many advantages and disadvantages that should be considered carefully before taking the huge step to purchase a foreign property. A property is one of the biggest financial investments that an individual can make during their lifetime.

Submitted by Amanda and Cristina at 1Casa.com

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