Golf remains one of the main attractions of property-ownership in Portugal’s Algarve, where players are spoilt for choice with a great selection of world-class courses, so it’s little wonder Portugal is second only to Spain in terms of golf tourism.
An annual report by international tax consultancy KPMG shows that Portugal is the second most popular destination in the world for golf holidays, ahead of Scotland, Turkey, Ireland and UAE respectively.
Further proof that golf property in Portugal is a good investment – and comes with strong rental appeal – comes in the form of the 2013 Annual Golf Tourism Report by IAGTO, the trade organisation for the global golf tourism industry. IAGTO’s findings show that global golf holiday sales grew by an average of 9.3 per cent in 2012 from the previous year.
The average growth in sales in 2012 over 2011 reported by IAGTO golf tour operators based in Europe was fractionally above the global average at 9.4 per cent (European operators account for 57 per cent of all IAGTO operators worldwide).
Meanwhile, member operators of the IAGTO alone catered for 1.6 million golf travellers in 2012, with golf holiday sales exceeding an estimated €1.5 billion. Most tour operators were also positive about the future, with the vast majority expecting further growth in the years to come.
The Portugal Masters Golf Tournament takes place from 10t-13th October at the Oceanico Victoria golf course on the Algarve, attracting top players from around the world and highlighting why the Algarve is such a special place for a round of golf.