Golf Property in Portugal

To many people Portugal is synonymous with golf – the Algarve region in particular has a long golfing history and the first course was constructed there back in the 1920’s.

Today over twenty of the most popular, best located, well tended and facilitated golf courses in Europe are to be found on the Algarve making golf property in Portugal an incredibly interesting property investment asset.

The demand for golfing properties to rent is intense all year round although the main golfing season in the Algarve is from autumn to spring.  Those who cannot let their properties out to golfers in high season because the temperatures are soaring have the additional summer holiday tourism crowd to market their properties to, therefore with a year round demand for golf property in Portugal supplemented by the summer season tourism demand for property in Portugal, a property investor with a well located and serviced golf property cannot fail to make an income from it.

Naturally enough this fact alone has sent the prices for properties for sale on or close to golfing resorts in Portugal skyrocketing.  The price increases have also been fuelled by purchasers keen on golf who are also looking for a new home overseas or their own holiday home.  But the good news is that while prices are high, they will climb higher because demand is not and will not abate while golf remains one of the most popular pastimes in the world!

In terms of making an investment into golf property in Portugal and profiting from it an investor needs to look at the likely return on investment achievable based on average occupancy and rental rates – such data can be collated by contacting a few property management companies in Portugal for example.  An investor then needs to calculate whether, with the price paid together with any interest payable on mortgage loans taken out to afford the property and the cost of the ongoing management and maintenance of the property, he will be in profit at the end of the year or not.  As stated, a careful investment can reap significant yields simply because demand is intense and year round.

The most popular golf properties in Portugal with those looking to rent for holiday purposes are detached villas with private pools – naturally enough these are the most expensive properties too!  Apartments and town houses are cheaper and are also highly rentable as well especially if they are well marketed and located within easy reach of a number of golf courses.  Locations such as Vilamoura are good places to begin searching because it is near many of the best golf courses and resorts such as the world famous Vale do Lobo resort (pictured).

Those looking for affordable alternatives could look at older, traditional Portuguese properties perhaps in need of some renovation which are away from the main resorts but within easy driving distance.  Such properties can be refurbished and then marketed to those looking for a golfing break but also a slice of traditional Portuguese life.  Many more of us are keen to get to know a bit about the country we’re staying in nowadays rather than just flying to a destination and residing in a resort that could be anywhere on the planet!  Those who take a slightly different approach to investment into and the marketing of golf property in Portugal will find that they can reap extra reward from a popular but almost oversaturated market.