The Valencian Community and Andalusia concentrate 70% of the real estate investment related to golf in Spain. In Andalusia the investment is 15,083 million euros (1,400 million euros more than in C. Valenciana). The average value of this type of property is 134,715 euros, but the most exclusive in areas such as Dénia or Xàbia cost two million euros.
Ximo Ferrando, head of the Engel & Völkers office in Dénia, points out that in the Marina this type of housing starts from 400,000 euros and they are houses coveted by European managers with high purchasing power. “Our buyers are mainly German, Swiss, Dutch, French and Belgian. Between 85% and 90% of the homes they buy are villas. They usually come several times a year, not just in summer. They can fly to Alicante between six or seven times. The advantage is that we have a good climate all year round and we are very well connected with Europe ”, highlights Ferrando. The two poles of attraction in the Marina Alta are the La Sella golf course in Dénia and the Jávea Golf Club in Xàbia. The representative of Engel & Völkers indicates that in La Sella (which is located about five kilometers from the beach) a promotion of seventy apartments with up to three bedrooms is about to start, with a starting price of half a million euros, although In this type of complex it is not usual to find flats because “buyers want to be outside 80% of the time.” The buyers of this type of home are European managers aged 45 and over. “Younger people are coming every day,” says Ximo Ferrando.
The report by IE University and the Spanish Association of Golf Courses points out that “although the majority of tourists stay in hotels, those who play golf are more loyal so they have a greater probability of ending up staying in their homes. property. While the golf tourist has a 23.7% probability of staying in a second residence for the average Spanish tourist, this possibility is only 5%. It is estimated that in 2018 foreign golf tourists had around 283,000 homes in property with a value of 42,000 million euros throughout Spain. This important real estate investment also produced a recurring annual expense ”, according to the report. The analysis indicates that 1,195,000 foreign tourists travel to Spain each year in search of golf courses and many of them end up buying a home. The study has examined the real estate developments around the Escorpión, Lo Romero (Pilar de la Horadada) and Costa de Azahar (Castelló de la Plana) golf clubs. Real estate consultants point out that the largest urbanizations are in Alicante and the metropolitan area of València, although Castelló has important urban projects such as the Golf Mar San Jordi urbanization or the PAI of San Gregori de Borriana where 6,000 homes are planned.
Cristina Recasens, founder of Recasens Real Estate, specifies that the largest fields in the metropolitan area of València are located in El Saler, Bétera and Chiva. «People who want to go live next to a golf course are looking for quality of life. There are many people who do not play golf, but want to settle in those areas because of the status it provides. They bet on living in Torre in Conill because the Valencia CF players have their home there. In the Torre en Conill and Mas Camarena area there are about 3,000 homes. Those who really play golf are foreigners. I have English clients who have decided to settle in El Bosque (Chiva) to be close to the golf course », he points out.
The deputy director general and director of the Residential Area of Olivares Consultores, José Manuel Martínez Plaza, explains that in recent months they have marketed three new construction developments in Torre en Conill. “Sales in all three have been impressive. Most buyers do not play golf. We are now marketing 80 Habitat single-family homes and we have already sold half. We started selling them in February, at the start of the pandemic. Everything that surrounds a golf course visually is very powerful, whether you play golf or not. There you can buy a house for 240,000 euros with four bedrooms and you are next to the capital », emphasizes Martínez.
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