Last Friday 25th October, the prestigious business newspaper Expansión, published an extensive report on the luxury property market overlooking a golf course. Promora was one of the luxury real estate agencies in Madrid chosen to give its opinion on this subject and explain the evolution of this exclusive market.
Although initially having a home adjacent to a golf course was not a particularly valuable asset when buying a luxury home, it has now become a differentiating proposition within Madrid’s luxury market. As Gonzalo López-van Dam, CEO of Promora, explains, ‘The evolution of this market reflects how today’s buyers are looking not just for a home but for an experience and a lifestyle, and golf has become a status symbol’. It is estimated that a golf course can increase the value of a home by up to 20%, so it is always a good investment.
Houses with views of the golf course in La Moraleja
The report gives as an example two properties that Promora currently has in its catalogue. These are two homes with unobstructed views of the La Moraleja Golf Club, one of the most sought-after and exclusive courses for owning a home, according to the real estate portal Idealista.
On the one hand, a mansion of more than 1,800 square metres adjoining the golf course. Its price is around 12 million euros, as it has been recently built and has all kinds of luxury facilities, such as an indoor swimming pool, cinema room, gymnasium, wine cellar and even a golf simulator.
On the other hand, a large villa built in the 80s and renovated a few years ago, whose garden is visually linked to the golf course. This house is sold for more than 7 million euros.
Promora, the luxury real estate agency in Madrid
If you are looking for a house overlooking a golf club in Madrid, Promora is the best real estate agency to advise you. Extensive experience in the urbanisations where the best golf courses in the city are located, and an in-depth knowledge of the luxury real estate market, make Promora the most renowned luxury real estate agency in Madrid. Trust the best.
