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I'm considering investing in a new detached property on a high-profile golf course in Cork. Given its location, it's very hard to compare the property with others in the region, or even with other golf properties in Ireland. This makes it difficult to determine if it'sis a wise investment. The price seems inflated compared to other similar properties in the region, but the fact that it's on a golf course probably means you pay a premium price. I have been advised to buy at the higher end as these properties may appreciate better than the lower cost ones. Reason? Someone may eventually buy it as a "trophy" home. At the moment the houses are only available to live in 6 months out of the year- they can't be owner-occupied outside of this. We are hoping to get the house included in a rental scheme, where it can be rented out by the hotel, which forms part of the development, and those in the scheme receive a share of the rental income.
Has anyone any thoughts on property on golf courses and their growth potential?
Has anyone any thoughts on property on golf courses and their growth potential?