Golf Industry News - chelsfield lakes

The manner in which the golf market has developed might suggest to some that the days of the traditional golf club commercial model are numbered, says Savills Leisure Department in a recent review

An emergence of new private buyers into the market during the last 12 months, reflects the strength of the economy and the underlying property asset value. The firm market is expected to continue. FPDSavills expect considerable group activity in the forthcoming months as they improve their portfolios through acquisition sale and development. New strong groups will emerge and in addition to freehold sales the trend for leases, especially in the public sector, will continue. FPDSavills expect the restricted supply of new developments to continue

Strutt & Parker say that 1999 was a good year for the UK golf market. Writing in the firm’s “Leisure Comment” publication, golf specialists Charles Greville-Heygate and Mark Smith comment on the main deals, level of activity and prices