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Golf Boosts Buy-to-Let Market

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Good news for golf property owners

While many popular sports are seasonal, golf continues to enjoy year-round popularity – especially here on the Costa Blanca in Spain where fair weather keeps fairways open year round.  News emerged this week that out of 100 of Europe’s top golf courses, 25 are listed as located in Spain! An incredible figure meaning that Spanish golf courses account for a full quarter of the top courses in Europe.

Coupled with an increase in rounds of golf being played across Spain and Portugal (up to a third increase in places) and a steady increase in tourism figures for Spain (up by almost 4% last year) it is no wonder that 90 million people choose to come to Spain on holiday with a good proportion of those visitors listing golf as a favourite pastime.

With blue flag beaches, quality dining and leisure, the Costa Blanca has always been one of Spain’s most popular destinations but golf has always been an integral part of the Costa Blanca’s tourism offering. The weather is ideal and the courses are among the top in the country, many of which have been designed by champion golfers. Pair a few rounds of golf with trips to the beach and a sampling of the local cuisine, and for many, you have a simply outstanding holiday experience.  It is little wonder, therefore, that Spain’s golf properties continue to hold their value and have such lasting appeal to buyers from Northern Europe.

Along the Spanish Coastline, the latest statistics indicate a 4.5% price increase between April 2018 and April 2019.

Taking full advantage of a privileged location beside the Costa Blanca’s famous Villamartin Golf Course is this new phase in a development of two bedroom apartments.  The secure complex features modern style apartments, built in a modern style and to a very high standard.

These properties are two bedroom, two bathroom, with open plan kitchen, lounge and dining area.  There are ample terraces of approximately 14m2 on each property, to enjoy dinner in the evening. The ground floor properties have the added benefit of extra garden space, and the third-floor properties have private rooftop solarium space.  Each property has underground car parking space included in the price. The complex has fantastic communal areas, swimming pools, padel court, and boules piste. It is within a short walking distance to the famous Villamartin Plaza with all manner of amenities, bars, restaurants, shops etc, and only five minutes in the car to the Zenia Boulevard commercial shopping centre. The completion date for the current block is September 2020.

 

Managing Director of Leddy Homes, Paul Leddy said, “We are delighted to list these wonderful contemporary apartments.  With top quality golf on the doorstep, these apartments are set to be popular with golfers and their families and have fantastic rental potential.  According to figures gleaned from booking sites such as booking.com and Airbnb, the annual potential rental income before tax could exceed €17,000 which is well worth consideration for anyone looking at a buy-to-let investment on the Costa Blanca.  The rental market is more regulated now with a tourism licence now a requirement. Thankfully, this means that establishing the property as an above-board rental income has never been more straightforward.  We would advise anyone considering a buy-to-let investment to contact their Spanish solicitor to bring them through the process or contact us at Leddy Homes and we would be happy to recommend help from our own trusted experts.”

For more information about the buy to let property market in Spain, please read our guide

 

 

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