Buyers choose golf homes in Spain
Buyers choose golf homes in Spain, against solid economic backdrop
In its September 2024 Spotlight on Spain, Savills’ National Director, Research, Spain – Pelayo Barroso Olazábal – reports: “The outlook for Spain is bright, with the prime and mainstream markets expected to outperform global trends in the near term. Spain’s diverse markets, long-standing global appeal, and strong fundamentals will continue to attract residents and investment.”
Spain’s economic growth has impressed many property investors of late. The country’s gross domestic product (GDP) grew by 2.5% in 2023, against a forecast for the year of 1.0%. Its labour market is strong and tourism is booming, with the latter now accounting for approximately 12% of GDP.
All of this adds to the fact the Spanish housing market is on a “strong footing for the future”, according to the latest Savills research. Spain’s world-class culture, historic architecture, beautiful beaches, vibrant cities and relaxed pace of life also play into the country’s appeal – as do its outstanding golf courses. Spain’s fairways attract keen interest from around the world, as do its stylish golf properties, according to Marc Pritchard, Sales and Marketing Director at Taylor Wimpey España: “Owning a golf property in Spain delivers a wide range of benefits, from stunning views and serene natural surroundings to being part of an active and social community. Surrounding areas have everything that’s needed for both second home owners and fulltime residents – supermarkets, shopping centres, restaurants, schools, health facilities and cultural activities.”
Golf properties in southern and southeastern Spain benefit from excellent connectivity with the UK thanks to the presence of multiple international airports, which offer routes to numerous regional destinations in the UK. This benefits investors, tourists and residents alike, with Spain holding broad appeal to a wide range of property buyers, as Savills points out: “Spain’s perennial global appeal for tourism and for residency will likely continue for many years to come. The market’s strong fundamentals, robust – if undersupplied – housing markets, culture, climate, and infrastructure make the country a top destination for permanent residents and second-home buyers.”
Sunny Golf, large terrace with panoramic views to Estepona Golf