Golf Resort Property Gems

If the British Open has recently inspired you to dust off those golf clubs only to find the rain has washed the golf course out, perhaps buying a property in a golf resort abroad would be a good investment for you.

Spain and Portugal are both popular destinations for European golfers, but other countries are starting to catch onto the golfing theme and golf resorts are popping up all over the world.

Canada is not a country generally thought of as big on golf but it does have an excellent golf resort in the form of The Rock at the Red Leaves resort in Ontario. The course was name as Best New Course by Golf Digest magazine. Although currently closed whilst improvements are made to the course, it is due to reopen next year with expanded teeing areas and wider fairways. Prices within the resort start at around US$280,000 and some overseas investors are guaranteed a 7% pre annum return on their properties for the next four years.

Cape Verde is another country that isn’t synonymous with golfing and yet houses many golf resort gems. A number of golf resorts are in the planning stage. If you are a fan of Jack Nicklaus, there will be a Signature Course on Sao Vicente at Salamansa Islands. However, the resort is not due for completion until 2015 so there is a long wait. A new airport is under construction and is due to open in late 2007, so buying off-plan now could reap huge rewards in the next few years. If a Nicklaus course isn’t for you, Ernie Els has also got two courses under planning in Cape Verde – one on Sal and one of Sao Vicente – again, these will not be completed for the next few years.

Cyprus is also home to some top-notch golf resorts and is a good option for those on a budget. Prices in the Tsada golf resort start from around US$180,000 for a two-bedroomed apartment, making it an affordable option for many people. If your budget stretches a little further, Limassol star offers one bedroomed apartments for around the US$250,000 mark.

So, if you are looking for a property on a golf resort, sometimes you may do well to look outside of the most popular countries and you might just find yourself a golfing gem.

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