Saturday, June 2, 2007

Putting your money into a golf property in Spain is a "fantastic investment option" thanks to the country's 320 days of sunshine,

Putting your money into a golf property in Spain is a "fantastic investment option" thanks to the country's 320 days of sunshine, its great climate and cheap flights options.

That is according to property experts at RightmoveOverseas, who add overseas golf properties are becoming increasingly popular as they can be used all year, offer good rental yield and value for money.

The Costa del Sol in Spain is the most popular golf property investment location, as it has 32 Championship courses, but RightmoveOverseas explains there are similar golf facilities available across much of the Spanish Costas.

"With almost year-round sun, Spain offers the perfect golfing conditions and some amazing courses and views. Daily low-cost flights to Spain's main airports also mean that you can visit your golf property anytime you feel the need to practice your putting," said Justin Figgins, head of RightmoveOverseas.

He added: "Investors look at golf properties as highly rentable due to the appeal to a cross section of holiday makers all year round."

However, Mr Figgins advises against acting too hastily, even if you find the perfect golf course.

"Spain does not have the same buying procedures as the UK, and it is possible to get trapped in a bunker," Mr Figgins said.

An independent Spanish lawyer should act on your behalf and protect your interests as a buyer, ensuring the right planning permissions have been granted and, where necessary, check for rights of way and any existing boundary disputes, he explained.

They will also protect your deposit and ensure the relevant costs and taxes have been paid by you.

Golf properties in Spain start from around £114,000, with two-bedroom apartments in the Cabopino golf resort on the marina in Elviria available from £271,626, and two bedroom townhouses surrounded by landscaped gardens and a private pool for £441,393 by the Monte Mayor Golf and Country Club.

As well as Spain, the overseas property website says golf properties are available all over the world, from Florida in the US, Canada, and the Caribbean, to Portugal, Germany and Cyprus

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