While Spain, Portugal, Italy, and France have higher levels of supply, Turkey has led the way within emerging markets and now accounts for seven per cent of the pan-regional supply, with the fifth highest number of coastal integrated golf resorts in the region.
‘The vast majority of the golf resorts in Turkey feature hotels only,’ says Julian Walker at Spot Blue International Property. ‘Most privately-owned golf property is not actually on the fairway but in residential developments near to one or more golf courses. But, as the KPMG report states, Turkey is capitalizing on strong tourism demand, aided by competitive pricing, so further growth and new resort projects can be expected in the future. This will reinforce the diversity of the Turkish real estate market.’
The KPMG report said that across the European Mediterranean region, golf resorts that offer accommodation in rented villas or apartments, often alongside a hotel, now account for more than 15 per cent of the market and continue to grow in numbers.
In an attempt to grow its share of global golf tourism, Turkey’s Western Mediterranean Development Agency and Turkish Airlines this year launched a scheme to attract more French golfers to the Antalya region, home to the country’s golfing hub, Belek. It is hoped that many of the million-plus golfers in France, some of whom travel to Morocco and Tunisia to play, will consider Turkey as a new destination.
‘The knock-on effect of more golfers, whichever nationality, is a good thing for the local property market,’ said Mr Walker. ‘Belek’s reputation as an international golf hub is snowballing, and more visitors mean more demand for accommodation, which increases demand for lettable property.’
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