Whilst the news out of the Ryder Cup wasn’t very good for European golfers who wanted to keep the Cup, a report indicated that the golf industry on the European side of the Atlantic is thriving. According to a study released at the Ryder Cup from the KPMG Golf Advisory Practice, the business of golf is now worth more than €50 billion a year in Europe, the Middle East and Africa (EMEA).
One reason for the huge increase in the business over the past decade is real estate, which generates almost €19 billion per year, more than fees and memberships in the courses themselves. Properties like the Valley Golf Village outside of Krakow, Poland are helping to drive new home buyers to golf resorts and developments.
The club has its own restaurant and lodge for visitors, and is now finishing the first apartments and villas in the Valley Golf Village. These units are scheduled for completion by the end of 2009 and range from 52.5 square meters to 140 square meters, each with an underground garage and a sunny terrace offering great views of the course and valley. Prices start from £139,000. This is a great opportunity for golfers in Eastern Europe to get into one of the best courses anywhere and it also plays host to a European Seniors Tour event.
The KPMG report noted that more than 160 new courses were under construction in 2006, with some 17,000 new villas, houses and apartments adjoining them. Buyers are prepared to pay up to a 30% premium on property located next to a golf course or in a golf community. That makes the Valley Golf Village even more attractive, as it offers great property and great golf for much less than many other major courses in Europe and the EMEA region.
Krakow Valley Golf and Country Club and The Valley Golf Village are located just 20 minutes outside Krakow. Krakow’s John Paul II International Airport (KRK) is now served by a number of low-cost carriers, making this a convenient and easy to get to location.
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